A trader goes long on 970 BTC with 40x leverage after selling BTC spot
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According to Foresight News, monitoring by Lookonchain shows that after selling its spot BTC holdings, the address starting with 0x422 opened a 40x leveraged long position on BTC, with a position size of 970 BTC (worth approximately $103 million). This trader has already incurred losses of over $6 million on perpetual contracts.
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