🔥 UPDATE: $GUN $CYBER $NAORIS
A whale has opened a $54.2M Bitcoin long using 40× leverage, with a liquidation price at $63,580.
Why this matters:
Ultra high risk: 40× leverage means only about a 2.5% move against the position could wipe it out.
Volatility trigger: Positions this large can fuel cascading liquidations if price approaches the liquidation level.
Market signal: Either the trader has strong conviction in a bounce, or they're 'sexecuting a high risk short term trade.
In markets like this heavily leveraged whales often act as liquidity magnets price sometimes gravitates toward their liquidation levels before making a real move.