A major whale with an $80 million position is using high leverage to long BTC and ETH, with a cumulative profit of over $4 million in history.

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BlockBeats News, June 17 — According to OnchainLens monitoring, a whale address "0x50b" has recently opened large crypto long positions in the derivatives market. Among them, the Bitcoin long position reaches 1,036.37 BTC, using 20x leverage; Ethereum long position reaches 6,291 ETH, using 23x leverage. Based on current positions, the total value of these two longs is approximately $79.55 million. This trader has previously accumulated profits of over $4 million through long and short trades in Bitcoin and Ethereum.
BTC-0.31%
ETH1.84%
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