Large trader opens $110.7M Bitcoin long with 40x leverage
- —Position size is $110.7 million at an average entry of $81,914
- —Leverage is 40x, with liquidation near $80,280
- —Only about a 2% drop in BTC would trigger liquidation
- —The trader can add margin or close the position beforehand
Why it matters: A highly leveraged long near support raises the risk of cascading liquidations if BTC falls below $80,000.
Source: Siam Blockchain