ChainThink reports that, on July 25, according to monitoring by ai_9684xtpa, the whale address 0x854c775e opened a 40x leveraged long position in BTC last night at 22:30, investing 603.71 BTC at an entry price of approximately $64,469, resulting in a notional position value of about $38.67 million.
The liquidation price for this position is $63,667, with a current unrealized loss of approximately $2.59 million. This address also has limit buy orders totaling approximately $31.44 million placed between $63,500 and $63,674.
If fully filled, its BTC long position will increase to approximately $70.11 million. Data shows that this address previously primarily employed short-term trading strategies, with holding periods typically lasting only a few hours.
This long position has become the sixth-largest of the year; if all subsequent limit orders are filled, it could become its largest BTC long position of the year.