Whale Trader Goes Long on BTC with 20x Leverage, Reaching $8.4M Position Size Temporarily

BlockBeats News, March 27th, according to Hyperinsight monitoring, the main force long army's "30 attempts to long with repeated failures" whale (0x8d0) opened a short-term 20x leveraged BTC long position, with an average position price of about $67,740. The position quickly increased to 124 coins, equivalent to about $8.4 million, within 10 minutes.

Shortly after the position was established, the address promptly reduced its position by approximately 24 coins when it was slightly profitable, reducing the position size to 100 coins, equivalent to $6.791 million.