A trader tracked by OnchainLens has opened another large leveraged bet on Bitcoin after racking up cumulative losses of $4.89 million, according to a July 16 update cited by BlockBeats. The account currently holds a long position of 84 BTC valued at about $5.43 million, with leverage set at 40x.
The same account also holds two smaller long positions in altcoins: one in HYPE worth roughly $290,000 and another in PUMP worth about $148,000. In addition to those open positions, the trader has placed a limit order to buy 6.56 BTC, with the order valued at around $424,000.
The reported bid price for that pending Bitcoin order is $64,600. The latest positioning shows the trader continuing to add long exposure despite the previously reported multi-million-dollar losses. All figures were attributed to OnchainLens monitoring data referenced by BlockBeats.
According to a July 16 report from BlockBeats, citing monitoring data from OnchainLens, a trader has again taken a heavy long position after accumulating losses of $4.89 million.
The account currently holds a long position of 84 BTC worth about $5.43 million, using 40x leverage. It also holds a HYPE long worth roughly $290,000 and a PUMP long worth about $148,000.
In addition, the trader has placed a limit order to buy 6.56 BTC. The order is valued at around $424,000, with the bid set at $64,600.
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