
A high-frequency whale closed a major BTC long at a loss, then reentered with 40x leverage, highlighting their aggressive volatility-driven trading approach.
On Jan. 28, a whale closed a $5.88 million Bitcoin long at a $28,000 loss before opening a highly leveraged 40x BTC long, purchasing 60.71 BTC at an average price of $88,956.1. This comes alongside an existing 25x leveraged ETH long worth 2,000 ETH at a $20,000 unrealized loss. The address demonstrates a strong preference for rapid leveraged trade reversals and volatility-focused strategies, frequently switching between long and short positions across multiple assets. Earlier the same day, the whale booked a $1.86 million profit from a leveraged HYPE long closed after three days.