A trader goes long on 970 BTC with 40x leverage after selling BTC spot
According to Foresight News, monitoring by Lookonchain shows that after selling its spot BTC holdings, the address starting with 0x422 opened a 40x leveraged long position on BTC, with a position size of 970 BTC (worth approximately $103 million). This trader has already incurred losses of over $6 million on perpetual contracts.
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