On June 23, on-chain trackers also reported a separate whale building a 27.9 million XRP 20x long and holding an 809.9 BTC 20x long with more than $2.6 million in unrealized losses.
On June 23, crypto media citing on-chain trackers reported several large leveraged long positions across Bitcoin and XRP. BlockBeats, citing EmberCN, said two wallets opened BTC longs totaling 2,754 BTC, worth about $175 million: address 0x50b…f20 opened a 1,654 BTC long at $64,130 with a liquidation price of $59,076 and an unrealized loss of about $500,000, while address 0x7c4…00b opened a 1,100 BTC long at $64,508 with a liquidation price of $61,723 and an unrealized loss of about $750,000. Separately, PANews, citing Onchain Lens, reported that a whale built a 27.9 million XRP long over roughly four hours using 20x leverage, for about $30.9 million in notional value, and also held an 809.9 BTC 20x long worth about $50.6 million that was showing more than $2.6 million in unrealized losses.