BTC Whale Opens 504 BTC Long Position Overnight with 5x Leverage, $39.15M Exposure

GateNews
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According to BlockBeats and Coinbob address monitoring, a "BTC OG insider whale" associated address opened a 504 BTC long position overnight on May 21 with 5x leverage, accumulating approximately $39.15M in exposure. The position recorded a floating gain of $113K by reporting time, with an average entry price of $77,394 per BTC.

The whale's total on-chain assets currently stand at approximately $842M, including 10,290 BTC worth roughly $796M. The account maintains $29.9M in USDC reserves, indicating an actual leverage ratio of approximately 1x when accounting for total account capital.

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