Positions opened on July 6 and July 14 were worth $85.36 million, while cumulative funding fees on the leveraged crypto bets exceeded $330,000.
A trader holding long positions in 1,000 BTC and 10,000 ETH from early July was sitting on an unrealized profit of $5.484 million as of July 21, PANews reported, citing on-chain analyst Ai Yi. The account opened the Bitcoin and Ethereum longs on July 6 and July 14 at $62,354 and $1,761.9, respectively. The two positions were valued at $85.36 million, and the trader had paid more than $330,000 in funding fees (periodic payments between long and short traders in perpetual futures).