Whale with 40x leverage completes short-to-long flip in 19 minutes, loses $7,000 first then opens $13 million BTC long position

GateNews

bitcoin news Derivatives Data

Source: chaincatcher

2026-03-24 08:00:00

BTC-1,59%

Gate News reports that on March 24, according to Hyperinsight monitoring, a whale address opened a short position on 176 BTC with 40x leverage 19 minutes ago (worth approximately $12,482,700). After a small loss of $7,000, it quickly switched to a long position, opening 190 BTC with the same leverage (worth about $13,000,000). The opening price was $70,963.6, with a liquidation price of $67,599. This whale has frequently opened high-leverage BTC contracts, and its overall account loss recently is about $8.5 million.

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