「Whale Discovery」 New Address Enters Long Position with 40x Leverage Overnight, Settles $12.03 Million USD BTC Long Position This Morning

BlockBeats News, July 22nd, according to Hyperinsight monitoring, a new address (0x4ba6) received approximately $464,000 in funds last night from 3 different addresses. After receiving UBTC, it was immediately swapped for USDC, and the funds were quickly transferred to a BTC contract with little delay.

The address initially shorted 68.1 BTC and then continuously switched positions between long and short. About half an hour ago, it placed two buy orders for a total of 181.3 BTC, finally completing the current position opening with an average execution price of $66,411.6. The recalculated amount at the execution price is approximately $120.39 million.

As of the time of writing, the address has a long position of 181.3 BTC with 40x leverage, with the position worth around $120.26 million, a liquidation price of $64,580.7, a temporary loss of about $13,000, and a return rate of -4.3%.

After opening the position, it immediately placed a take-profit stop order covering the entire position, with the take-profit trigger price set at $67,300.0. This address has been active for less than a day, with all historical trades focused on BTC, with a total trading volume of $67.28 million. The account's overall PnL is currently neutral.