[A Certain Whale Opens a $12 Million BTC Long Position in a Short Time, Marking the 28th 'Chasing Highs and Selling Lows' This Week] BlockBeats News, March 25: According to monitoring by Hyperinsight, a whale address starting with 0xec3 opened a BTC long position with 40x leverage, holding 175 BTC, approximately $12.4 million, at an average price of $70,879 and a liquidation price of $69,988. This long position marks the 28th position opened by this address in the past week. In the past hour, this address had previously closed a BTC long position at breakeven, with the prior position valued at approximately $12.6 million and an average closing price of $70,770. Over the past 7 days, this address has engaged in 28 consecutive instances of chasing highs and selling lows in BTC trading, repeatedly buying high and selling low. During this period, the account received 17 rounds of additional funding, with a total of approximately $670,000 added. However, the account's funds have still dwindled from a peak of $1.7 million to just $310,000, resulting in a cumulative weekly loss of $2.05 million, nearly depleting the account.