Odaily reported, citing monitoring from Onchain Lens, that a whale has opened a 5x leveraged long position on 54,986 SPCX. The disclosed data shows the SPCX long position is valued at $9.09 million, indicating a sizeable leveraged exposure to SPCX under the monitored account.
The same whale is also holding a short position of 320.74 BTC with 25x leverage. That BTC short position is valued at $20.4 million. Based on the reported figures, the address is positioned long on SPCX while simultaneously carrying a short exposure to BTC, with different assets, directions and leverage levels across the two positions.
Onchain Lens data cited in the report shows the whale’s current floating profit exceeds $1.18 million. Floating profit refers to unrealized profit calculated from the current position status and does not represent profit that has already been locked in through closing the trade. The original item did not provide the address’s entry prices, margin size or any closing plan.