On August 8, on-chain data shows a whale bolstering its 40x leveraged Bitcoin long and initiating 20x leveraged shorts on SOL and XRP, underlining aggressive moves amid volatile market conditions.
On August 8, on-chain data revealed that a whale increased its 40x leveraged Bitcoin long position by 158.32 BTC, now worth $30.46 million at an average entry of $117,170. The trader simultaneously opened 20x leveraged short positions on SOL and XRP valued at $13.66 million and $1.19 million respectively, while maintaining a 10x leveraged long on BNB, accumulating nearly $54 million in profits on Hyperliquid.