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Crypto Whale Closes $36 Million Bitcoin and Ethereum Long Positions at $24,000 Loss

Crypto Whale Closes $36 Million Bitcoin and Ethereum Long Positions at $24,000 Loss

According to Hyperinsight, the same whale later reopened $25.3 million in 20x Bitcoin and Ethereum longs and set $40 million in lower buy orders, potentially raising total exposure to $65 million.

BTC
ETH

Fact Check
The strongest evidence is the cited origin source, x post 2047310744342151278, which explicitly states the whale opened 20x leveraged long positions totaling about $40 million across 17,257 ETH and 516.42 BTC. The Odaily flash independently reproduces the same figures and links back to that Onchain Lens post, corroborating the claim. PANews covers a separate earlier 20x ETH trade by 0xa87 and therefore does not validate the exact numbers in this claim.
    Reference: 1
Summary

According to Onchain Lens, wallet “0xa87” had recently closed Bitcoin and Ethereum long positions worth about $36 million at a $24,000 loss on April 24. New reporting from Hyperinsight says a whale then opened fresh 20x leveraged BTC and ETH long positions worth $25.3 million after an earlier failed long attempt, with entry prices of $77,592 for Bitcoin and $2,303 for Ethereum. Hyperinsight also said the trader placed another $40 million in lower buy orders on April 24, which could bring total exposure to $65 million if executed. Earlier reports had also linked the wallet to roughly $40 million in 20x leveraged long exposure and to a Bitcoin long closed on April 14 for a $1.92 million profit, indicating continued high-risk directional trading activity.

Terms & Concepts
  • Crypto whale: A wallet or trader that controls or trades unusually large amounts of cryptocurrency, enough to draw market attention.
  • 20x leverage: A trading setup that gives exposure worth 20 times posted collateral, magnifying both gains and losses.
  • Long positions: Trades that profit if the price of the underlying asset rises, and lose value if it falls.