Onchain Lens monitoring shows that a whale is long 54,986 SPCX with 5x leverage, with the position valued at $9.09 million. The same whale also holds a 320.74 BTC short position with 25x leverage, valued at $20.4 million and currently showing more than $1.18 million in unrealized profit.
According to ChainCatcher, citing monitoring by Onchain Lens, a whale is holding a leveraged long position in SPCX. The monitored address has gone long 54,986 SPCX with 5x leverage, and the position is valued at $9.09 million.
The same whale is also holding a short position in BTC. The position size is 320.74 BTC, with leverage set at 25x. Onchain Lens data shows that this BTC short position is valued at $20.4 million and is currently carrying more than $1.18 million in unrealized profit.
The disclosed data shows that the whale is simultaneously positioned long on SPCX and short on BTC, with both trades using leverage. Leveraged trading amplifies changes in position value and the corresponding profit or loss. The figures above are based on the monitoring information reported by Onchain Lens.
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