{"id":132960,"date":"2024-07-12T11:00:24","date_gmt":"2024-07-12T08:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132960"},"modified":"2024-07-12T00:12:26","modified_gmt":"2024-07-11T21:12:26","slug":"justin-sun-faces-scrutiny-over-420-million-bitcoin-long-trades","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/justin-sun-faces-scrutiny-over-420-million-bitcoin-long-trades\/","title":{"rendered":"Justin Sun Faces Scrutiny Over $420 Million Bitcoin Long Trades"},"content":{"rendered":"
These trades, reportedly linked to Sun through the HTX reserve, highlight his involvement in substantial Bitcoin<\/a><\/strong> long positions. According to reports, Sun initiated these positions when Bitcoin was priced at $67,000, totaling approximately $420 million.<\/p>\n What has raised eyebrows is that the liquidity of HTX reserve, where Sun allegedly sourced $460 million in stUSDT to support these trades, is only $24 million.<\/p>\n This discrepancy has sparked concerns about market manipulation and the stability of such leveraged positions. While risky trades are not uncommon in the crypto industry, the scale and potential impact of Sun\u2019s trades have drawn attention.<\/p>\n