Odaily Planet Daily reported that, according to monitoring by Onchain Lens, one address has opened two leveraged long positions in major crypto assets. The positions consist of a 20x long position on 1,036.37 BTC and a 23x long position on 6,291 ETH. Based on the monitoring data, the combined value of the two positions is $79.55 million.
The address has previously profited from BTC and ETH trades
Onchain Lens also stated that the same address previously made more than $4 million in profit through long and short trades involving BTC and ETH. The newly disclosed exposure is concentrated in BTC and ETH, and both positions are long. The reported quantities — 1,036.37 BTC and 6,291 ETH — make the positions notable within the monitoring information cited by Odaily.
In leveraged derivatives trading, 20x and 23x leverage indicate that the notional size of a position is amplified relative to the margin behind it, while gains and losses also move with amplified sensitivity to price changes. Odaily’s report did not disclose the identity of the address, entry prices, margin size, liquidation levels, or any closing plan. The confirmed details are limited to the position sizes, leverage levels, combined value, and the address’s earlier trading profit of more than $4 million as reported by Onchain Lens.