A whale went 40x long on 603.71 BTC, with a liquidation price of $63,667.

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BlockBeats, July 25, according to monitoring by ai_9684xtpa, a whale address (0x854…c775e) opened a 40x leveraged BTC long position at 22:30 last night. The investment was 603.71 BTC, with an opening price of about $64,469. The nominal position value is about $38.67 million.

Currently, this position is down by about $259k. In addition, the address has also placed limit buy orders worth about $259k in the $63,500 to $63,674 range. If all orders are filled, its BTC long exposure would increase to about $31.44M.

Data shows that this address previously mainly used a short-term trading strategy, with holding periods typically lasting only a few hours. This long position’s size has already ranked as the sixth-largest position this year. If the subsequent limit orders are all filled, it could become its largest BTC long position for the year.

BTC-1.68%
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