Lookonchain data shows two whales in opposing high-leverage Bitcoin trades totaling around $47 million, with liquidation thresholds close to current price levels.
Lookonchain reported that whale address 0x50b3 opened a 20x leveraged long position with 307 BTC at $89,642.7, carrying a liquidation price of $83,385. At the same time, whale address 0x9311 took a 40x leveraged short position of 223.4 BTC at $89,502.7, with a liquidation price of $95,114. The combined positions are valued at approximately $47 million, positioning both trades near current market prices and raising the potential for rapid liquidation under volatile conditions.