ChainCatcher reported, citing Onchain Lens, that the on-chain address “0x049” has opened long contract positions in crypto assets over the past two weeks. The positions consist of 162.62 BTC and 6,136 ETH, with leverage set at 20x. Their combined notional position value is approximately $20 million.
BTC and ETH Long Exposure at 20x Leverage
The disclosed data shows that the position covers both Bitcoin and Ethereum, with the direction identified as long for both assets. In contract trading, a long position generally represents exposure aligned with a rise in the underlying asset’s price. Notional position value measures the size of the contract exposure and is not the same as the amount of margin actually posted.
The information came from Onchain Lens’s tracking of activity tied to the address, and ChainCatcher relayed the report. The key details provided are the address “0x049,” the two-week time frame, the 162.62 BTC and 6,136 ETH figures, the 20x leverage level, and the roughly $20 million notional scale.