Massive Whale Alert: $38.67M Leveraged Bitcoin Long Exposed!

​The on-chain trackers have just flagged an incredibly aggressive move by a Bitcoin whale. According to BlockBeats On-chain Detection, a major address went extremely heavy on leverage last night, aiming for a big bounce but they are already underwater.
​
​The 40x Position Details
​The Entry: At 10:30 p.m. last night, the whale opened a massive 40x leveraged long position on Bitcoin.
​The Size: They committed 603.71 BTC, giving the position a staggering notional value of roughly $38.67 million.
​The Price: The average entry price sits at $64,469.
​The Current Status: The market hasn't played along just yet. The position is currently sitting on an unrealized loss of about $259,000.

​Catching the Dip? Limit Orders Exposed
​Instead of backing down from the red PnL, this whale is aggressively trying to catch a deeper dip. On-chain data shows the same address has parked $31.44 million worth of limit long orders waiting in the $63,500 to $63,674 support range.
​If the market drops into that zone and all those limit orders are filled, this whale's total long exposure to Bitcoin would skyrocket to a massive $70.11 million.

​A Rare Change in Strategy?
​What makes this trade fascinating is the whale's history. Data shows this specific address typically operates as a short-term scalper, usually holding trades for only a few hours. However, this current long position is already their sixth-largest of the year. If their remaining limit orders trigger, it will officially become their absolute largest Bitcoin long trade of 2026.