$107 million worth of BTC
A whale executed a 40x long position with a $107 million investment in Bitcoin, which was liquidated when the price reached $109,000. This significant liquidation indicates a notable market movement and highlights the risks associated with high-leverage trading strategies. The whale’s position reflects the volatility and potential for rapid losses in the cryptocurrency market. Liquidations like this can impact market sentiment and prices, as large trades often lead to cascading effects among other traders.
