Bitcoin at $65,720, 200% hedged short… Zhang Zhuoe's trade revealed
Original headline비트코인 6만5720달러에 200% 헤지 숏…장줘얼 거래 공개
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Jiang Zhuoer, founder of the Laybit mining pool, opened a 200% hedged short on bitcoin at $65,720, offsetting existing positions of 100% spot ether and 100% long bitcoin. He disclosed the trade on April 14 via PANews, saying market momentum appeared too weak and that he plans to unwind positions first and watch the market. The hedge adds a sizable bearish exposure on top of his long book, effectively flipping his net bitcoin stance negative. Traders will watch whether his caution spreads among large holders and whether BTC holds the $65,000 level.
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
Jiang Zhuoer, Bitcoin (BTC), Ethereum (ETH), PANews, Laibit Mining Pool
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