SmartX founder reveals $16.5 million long position, approximately 22.176 billion won
Original headline스마트X 창업자, 1650만달러·약 221억7600만원 롱 포지션 공개
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SmartX founder David disclosed a roughly $16.5 million long position on Binance, currently carrying about $2 million in unrealized losses. On-chain analyst Ember cited entry prices of $82,066 for Bitcoin and $2,524 for Ethereum, suggesting the positions were opened around the October 10 price drop. The $16.5 million figure reflects position value rather than margin or leverage, which were not fully specified. The disclosure matters as a signal of continued bullish conviction from a notable founder despite drawdown, and traders will watch whether BTC and ETH reclaim those entry levels or force further losses.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
David, Ethereum (ETH), SmartX, Bitcoin (BTC), Binance
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