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Leverage Turned All the Way Up: One Wallet Goes All-In.
Wallet 0x049b stepped in and opened aggressive 20x longs, stacking 586.68 $BTC (about $45.8M) alongside 19,416 $ETH (roughly $44.6M). That’s not a hedge, not a test position… that’s conviction pushed to the edge. And with that kind of leverage, the line between control and chaos gets thin. Fast.
The liquidation levels are sitting uncomfortably close, $75,564.1 for Bitcoin and $2,247.46 for Ethereum. Not immediate danger, but definitely within reach if the market decides to lean the other way for a bit. And it doesn’t take much at 20x… just a sharp move, a little momentum, and things can unwind quickly.
Still, the position stands. Just a full-sized bet placed in plain sight, riding on direction.
Address: 0x049bdC370620bEaB340B01072FA580FD57745E7D