A Whale Investor Margin Called 40x on Bitcoin, Liquidating Long Positions Worth $26 Million

BlockBeats News, September 1st, according to TradingBeats monitoring, a whale with the address starting with 0x90b5 is currently holding high-leverage long positions in BTC and ETH, with a total nominal value of approximately $26.334 million. The withdrawable balance of the account has dropped to 0, and the total unrealized loss of the two positions is approximately $41.8 thousand. Details are as follows:

The whale is long 246.17 BTC with 40x leverage, with a position value of approximately $19.386 million, an average entry price of $78,855.4, a liquidation price of $77,641.8, and a current price difference of only about 1.41%.

For ETH, the whale is long 2808.02 ETH with 25x leverage, with a position value of approximately $6.948 million, and a liquidation price of $2376.7, with a current price difference of about 3.95%.

Prior to this, the address had topped up approximately 400,000 USDC from the same funding address about three times in the past 27 hours, with amounts of 50,000, 50,000, and 300,000 USDC. After all the funds arrived, the whale initiated simultaneous BTC and ETH purchases using TWAP at 11:35 today. The initial plan was to buy 239.45 BTC, and within 5 minutes, 214.72 BTC were traded, equivalent to approximately $16.925 million, but the transaction was then aborted due to "insufficient margin."

Subsequently, as BTC slightly rose, releasing some margin space, the address continued to buy about 31.45 BTC, eventually pushing the BTC position up to 246.17 BTC, which is currently experiencing a loss due to a short-term retracement in BTC.