A whale address opened a 40x leveraged Bitcoin long position at 10:30 p.m. last night, committing 603.71 BTC at an entry price of about $64,469, with a notional position size of about $38.67 million. According to BlockBeats On-chain Detection, the position is currently showing an unrealized loss of about $259,000.
The same address has also placed limit long orders worth about $31.441 million in the $63,500 to $63,674 range. If all orders are filled, its Bitcoin long exposure would rise to about $70.111 million.
Data shows the address previously mainly used a short-term trading strategy, with holding periods typically lasting only a few hours. The current long position is already the sixth-largest position size this year, and if the remaining limit orders are fully executed, it could become the address’s largest Bitcoin long trade of the year.
Whale Opens 40x Leveraged Bitcoin Long Position as Unrealized Losses Reach $259,000
2026-07-25 02:53:40
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