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"The '40x Long BTC Whale' liquidated after only one day, losing $6.3 million. They have now once again used the remaining funds to go long on BTC with 40x leverage."
By: theblockbeats.news|2025/10/31 08:45:55
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BlockBeats News, October 31st. According to on-chain data analyst Yu Jin, yesterday, a whale address that went long on BTC with 40x leverage, with a value of $107 million, was liquidated during yesterday's sharp drop. The long position, ultimately worth $143 million, was completely liquidated, resulting in a loss of $6.3 million.
He has just used the remaining $470,000 of funds after last night's liquidation to continue longing BTC with 40x leverage. He opened a position worth $19 million, with the liquidation price once again only $1200 away from the current price.
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