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Bitcoin Whale’s 40x Leveraged Long Is Partially Liquidated Within an Hour

Bitcoin Whale’s 40x Leveraged Long Is Partially Liquidated Within an Hour

According to Onchain Lens, whale 0x049b opened new 20x leveraged long positions in ETH and BTC worth about $40.3 million combined on March 25, marking another rapid shift in the wallet’s tracked trading activity.

BTC
ETH
HYPE

Fact Check
The claim is fully supported by on-chain analysis from Lookonchain and corroborated by multiple crypto news platforms. The specific details—including the 40x leverage, the initial $19.07 million value (280.2 BTC), the timeframe of less than one hour for liquidation, and the remaining balance of 224.16 BTC—are consistent across all sources.
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Summary

According to Onchain Lens, whale 0x049b opened new 20x leveraged long positions within the past hour on March 25, consisting of 9,256 ETH worth $20.16 million and 282.47 BTC worth $20.13 million. The new positions add to a series of rapid trades previously linked to the same address, including a partially liquidated 40x Bitcoin long and later large Hyperliquid BTC short and BRENTOIL long positions. The latest update confirms fresh directional exposure in both ETH and BTC, but does not clarify whether these longs replace or coexist with the earlier reported positions.

Terms & Concepts
  • Leverage: The use of borrowed capital or margin to control a larger trading position, amplifying both potential gains and potential losses.
  • Liquidation: The forced closure of a leveraged position when losses erode the trader’s collateral below required levels.
  • Hyperliquid: A crypto derivatives trading platform where users can open leveraged positions on digital assets and some other markets.