On the eve of the U.S. stock market opening, a whale is planning to go long on approximately $22 million worth of the Nasdaq 100 index.

BlockBeats News, July 9th, according to on-chain analyst Ai (@ai_9684xtpa), address 0x3e7…f1589 initiated a $5 million USDC deposit at 7:30 PM tonight, followed by opening a 20x long position on XYZ100 (tracking the Nasdaq 100 Index) with a value of $16.63 million, with an entry price of $29,458. Currently, there is an additional over $5.3 million TWAP being gradually executed, and the final position value will be around $22 million.