ChainThink reports that on March 4, according to Lookonchain monitoring, a trader recently bought BTC at a 30x leverage with an average entry price of $70,235.80, acquiring 600 BTC for a total position of approximately $42.7 million. The unrealized profit has reached $570,000, with a liquidation price at $66,942.69.
Trader adds 600 BTC at an average entry price of $70,235.80
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Summary
A trader opened a position of 600 BTC at an average entry price of $70,235.80 using 30x leverage, based on price action, with a total position value of approximately $42.7 million. The position currently shows an unrealized profit of $570,000 and has a liquidation price of $66,942.69. Leverage trading remains a key strategy amid ongoing market volatility.
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