Whale Address Establishes 181.3 BTC Long Position with 40x Leverage, Worth $12.04 Million

BTC-1.61%
According to Hyperinsight, a newly-activated whale address established a 181.3 BTC long position with 40x leverage overnight, worth approximately $12.04 million. The address received around $464,000 from three sources yesterday evening, swapped UBTC to USDC, and deployed the funds into BTC futures. It purchased BTC at an average price of $66,411.6, with a liquidation price of $64,580.7. As of reporting, the position showed a loss of approximately $13,000, or -4.3% returns.
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