Crypto whale flips 40x leveraged Bitcoin short to long in 10 minutes
A monitored whale address later expanded into roughly $40 million of 20x leveraged Bitcoin and Ethereum long positions after Bitcoin pulled back toward $71,500, signaling a larger directional bet on a rebound.
BTC
ETH
Summary
A monitored crypto whale that previously reversed a 40x leveraged Bitcoin position from short to long has since opened new 20x leveraged long positions in both Bitcoin and Ethereum totaling about $40 million. The Bitcoin leg consists of 279.8 BTC worth about $20.06 million at a $71,479 entry price, while the Ethereum leg totals 8,918 ETH worth about $19.97 million at a $2,242 entry. The positions were opened after Bitcoin pulled back near $71,500, adding to the trader’s earlier high-leverage directional activity.
Terms & Concepts
- Leverage: Borrowed exposure that lets a trader control a larger position with less capital, increasing both potential gains and losses.
- Long position: A trade that seeks to profit from an asset’s price rising after entry.
- Bitcoin: The largest cryptocurrency by market value, often used as a benchmark for broader digital asset market sentiment.