Data: A certain whale is using 40x leverage to go long on 38.67 million USD in BTC, currently facing an unrealized loss of 259,000 USD
According to on-chain analyst @ai_9684xtpa, a certain address opened a 603.71 BTC 40x long position at 10:30 PM last night, worth 38.67 million USD, with an entry price of 64,469 USD, currently showing a floating loss of 259,000 USD.In addition, the address has also placed a limit long order of 31.44 million USD in the range of 63,500 USD to 63,674 USD. If fully executed, the total position will expand to 70.11 million USD. This address has primarily used short-term strategies in the past, with positions mostly held for only a few hours. This long position size is the sixth largest of the year, and if fully executed, it will become the largest size of the year.