Crypto Whale Builds $79M High-Leverage Positions in Bitcoin and Ethereum

A crypto wallet labeled “0x50b” has taken on large leveraged long positions in both Bitcoin and Ethereum, pushing its total exposure to around $79.55 million.

The positions consist of 1,036.37 BTC at 20x leverage and 6,291 ETH at 23x leverage. Regarding risk levels, Bitcoin’s liquidation price is set at $60,174, while Ethereum's position would be liquidated if it drops to $859.77.

This move also builds on the trader’s past performance, with the same wallet previously recording more than $4 million in profits from a mix of long and short trades in BTC and ETH.

Source: Onchain Lens