A previously inactive whale address re-entered the market with an 18x leveraged BTC long, aiming to profit from price gains, according to Onchain Lens.
An onchain analysis by Onchain Lens revealed that a dormant whale address, inactive for 18 months, opened an 18x leveraged Bitcoin long position valued at $56.7 million. The trade was entered at $84,306 with a liquidation point at $78,642. It currently shows $4.39 million in unrealized profit, indicating a high-risk bet on further BTC price increases.