Lookonchain Says Trader Opened 20x Bitcoin and Ethereum Longs Worth About $80 Million

According to Lookonchain, wallet 0x049b opened leveraged long positions in 17,410 ETH and 493.43 BTC worth about $80 million, with liquidation levels disclosed for both trades.

BTC

ETH

42d ago

Summary

Lookonchain said trader wallet 0x049b opened 20x long positions in Ethereum and Bitcoin with a combined notional value of about $80.08 million. The positions include 17,410 ETH worth $40.07 million and 493.43 BTC worth $40.01 million. Lookonchain said the ETH liquidation price is $2,227.81 and the BTC liquidation price is $78,009.69. In crypto derivatives markets, 20x leverage magnifies both potential gains and losses, making liquidation thresholds a key risk measure for traders.

Terms & Concepts

20x leverage: A trading method that lets a trader control a position 20 times larger than posted collateral, increasing both return potential and loss risk.
Long position: A trade that profits if an asset’s price rises, and loses value if the market moves lower.
Liquidation price: The price level at which an exchange or platform may forcibly close a leveraged position because collateral is no longer sufficient.