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Did you see that huge move on the chain? A trader opened a position of 600 BTC with 30x leverage, entering around $70,235.
He put about $42.7 million on the table.
Looking at this now, the guy already has $570k in unrealized profit.
The liquidation is at $66,942, so there's a tight margin if the market turns.
But with 600 BTC at 30x leverage, any bigger move hits directly.
It's the kind of position that draws attention on the chain.
Either the trader knows something, or it's pure market timing.
In any case, the amount of BTC makes a difference when leverage is involved.