A Matrixport-linked whale has opened a 20x BTC long position of 400 BTC, valued at approximately $27.3 million, according to Lookonchain. This move indicates clear position trading intent, as the whale also holds a 120,000 ETH long position. The BTC bet reflects confidence in near-term price movement, with leverage strategically applied across both BTC and ETH. No other significant transactions have been detected from this address.
Odaily Planet Daily reports that Lookonchain has monitored a whale associated with Matrixport, who, while holding 120,000 ETH long positions, has opened a new 20x long position of 400 BTC, with a position size of approximately $27.3 million.
Data shows that this address previously held approximately 120,000 ETH long positions and has now added a BTC leveraged position; the specific liquidation price has not been disclosed.
