A whale that opened a 40x leveraged long position on BTC has exited at a loss after holding the trade for just 18 hours, according to on-chain analyst Ai Yi (@ai_9684xtpa), as cited by BlockBeats on July 25. The position was valued at $38.67 million. Ai Yi’s monitoring showed the trader cut the position after losing $368,000 on the single trade. The whale entered at $64,469 and stopped out at $63,859. That means the position was closed after BTC moved down by only about 1%, underscoring how little room a highly leveraged trade leaves before a loss is realized. The report did not provide additional details on the trader’s identity or platform, but it did specify the size of the bet, the holding period, and the entry and exit levels recorded by the on-chain monitor.
A whale that opened a 40x leveraged long on BTC has closed the trade at a loss after holding it for only 18 hours, according to on-chain analyst Ai Yi (@ai_9684xtpa), cited by BlockBeats on July 25.
The position reached $38.67 million. Ai Yi said the trader took a $368,000 loss on the single trade before exiting.
The reported entry price was $64,469, while the stop-loss level was $63,859. BTC fell about 1% before the whale cut the position.
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