ME News reports that, on July 25 (UTC+8), according to monitoring by ai_9684xtpa, a whale address (0x854…c775e) opened a 40x leveraged long position in BTC last night at 22:30, deploying 603.71 BTC at an entry price of approximately $64,469, resulting in a notional position value of about $38.67 million. The position is currently experiencing an unrealized loss of approximately $259,000. Additionally, the address has placed limit buy orders totaling approximately $31.44 million between $63,500 and $63,674. If all orders are filled, the total BTC long position will expand to around $70.11 million. Data shows that this address has primarily employed short-term trading strategies in the past, typically holding positions for only a few hours. This long position is already among the six largest BTC positions opened this year; if all limit orders are executed, it could become its largest BTC long position of the year. (Source: BlockBeats)
Whale opens a 40x BTC long position worth $38.67M at $64,469
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Summary
On July 25 (UTC+8), a whale address (0x854…c775e) opened a 40x BTC long position of 603.71 BTC at $64,469, valued at $38.67 million. The position is currently down approximately $259,000. The address also placed $31.44 million in limit orders between $63,500 and $63,674. If filled, the total position size would expand to $70.11 million. Historical data indicates this address employs short-term trading strategies, with holdings typically lasting only a few hours. This ranks as the sixth-largest BTC position of the year.
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