A whale’s long position was liquidated with losses exceeding $3.5 million, but a subsequent 40x BTC long is now showing a $1.06 million unrealized profit

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星球日报2025/06/23 02:40

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Odaily Planet Daily reported, according to monitoring by @lookonchain, that due to the market downturn, address 0x7e8b was liquidated, resulting in losses including 965 BTC (approximately $97.5 million) and 12,024 ETH (about $26.22 million), with total losses exceeding $3.5 million. The address subsequently reopened positions, taking a 40x leveraged long on BTC, and is currently showing an unrealized profit of around $1.06 million.

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The Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $756.1 million on Friday.

Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.