ChainCatcher report: According to on-chain analyst @ai_9684xtpa, a wallet opened a 40x long position on 603.71 BTC last night at 10:30 PM, worth $38.67 million, with an entry price of $64,469. The position is currently showing an unrealized loss of $259,000. Additionally, the wallet has placed limit buy orders totaling $31.44 million between $63,500 and $63,674. If fully filled, the total position size would expand to $70.11 million. This wallet has historically employed short-term trading strategies, typically holding positions for only a few hours. This long position is the sixth largest of the year; if fully executed, it would become the largest of the year.
Whale Takes $38.67M BTC 40x Long Position, Now Floating $259K Loss
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Summary
On July 25, 2026, a whale opened a 40x leveraged long position of 603.71 BTC ($38.67M) at $64,469 per BTC using aggressive position sizing. The position is currently floating a $259K loss. The same address also placed $31.44M in limit buy orders between $63,500 and $63,674. If all orders are filled, the total position will reach $70.11M. This whale typically employs short-term trading strategies, holding most positions for only a few hours. This long position is the sixth largest of the year and would become the largest if all orders are executed.
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