Data: A certain whale went short and then went long, with a liquidation price of $59,112

According to on-chain analysis platform Lookonchain (@lookonchain), the whale that previously shorted Bitcoin has closed its position and switched to a long position.

The address closed a short position of 1,000 BTC worth $91 million, incurring a loss of approximately $1.6 million, and then opened a long position of 1,000 BTC (worth $91 million) with 3x leverage, with a liquidation price of $59,112.