A Whale Opens $103 Million BTC Long Position with 40x Leverage
According to a report by Jinse Finance, on-chain analytics platform Lookonchain has monitored that a certain trader sold BTC spot and initiated a 40x leveraged long position in BTC, with a position value of approximately 970 BTC (about $103 million). This trader has previously incurred losses of over $6 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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