A major whale incurred cumulative liquidation losses exceeding $2.77 million yet continues to go long on BTC with 40x leverage.
According to on-chain analyst Onchain Lens (@OnchainLens), the on-chain address “0x2fc” has again opened a long position of 96.36 BTC with 40x leverage. Previously, this address repeatedly executed both long and short positions on BTC, but most of those positions were liquidated, resulting in cumulative losses exceeding $2.77 million.
