Whale Opens $10 Million 40x Leveraged Bitcoin Long as Separate Ethereum Position Builds
A large trader opened a $10 million 40x leveraged Bitcoin long and simultaneously built a $1.69 million Ethereum long, according to the latest tracked whale activity.
New whale-tracking data adds a larger Bitcoin derivatives position and a fresh Ethereum long to this topic’s existing Ethereum whale activity. A whale address opened a 40x leveraged Bitcoin long worth $10 million at an average entry price of $68,563, with a liquidation price of $62,817. The address had also realized an approximately $290,000 loss after closing a previous BTC long about 10 hours earlier. In addition, the same address was building an Ethereum long worth $1.69 million at $2,067. This newly reported activity appears separate from the previously tracked Ethereum whale that opened a 25x leveraged $8.7 million ETH long on Hyperinsight and the separate address that accumulated 7,543 ETH for roughly $15.57 million and deployed it into a yield strategy.
- Liquidation: The forced closure of a leveraged position when losses reduce collateral below the platform’s required threshold.
- Whale: A trader or holder with a large enough position to draw market attention and potentially affect short-term price action.
- Yield strategy: A way of deploying crypto assets to generate returns, often through lending, staking, or other on-chain mechanisms.