Crypto Whale Opens $49M Leveraged Bitcoin Long After Major Loss

A crypto whale known as 0xebe, who had previously recorded losses of over $3.4 million on a long Bitcoin position, has re-entered the market with another substantial trade.

The trader has since opened a new 812.46 BTC position at 5x leverage, pushing its total value to around $49.55 million. However, early market data indicate the position has already moved into a loss, with unrealized losses exceeding $260,000.

Source: Onchain Lens