This is an update on this post: https://www.reddit.com/r/CryptoCurrency/comments/1rj6n6f/comment/o8k0h5r/

I wrongfully assumed he “longed” the top, while he was underwater and started closing at a loss and opening more a little later again, he held on to quite a bit despite the very real liquidation risks.

Closed most of the position now.

Still long 100 BTC, but liquidation is around 26k now and I think they’ll make it out alright.

350k unrealized PnL left.

No Take Profit Orders, no other orders. I guess now it’s riding the wave.

submitted by /u/obolli [link] [comments]

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