A trader sold BTC spot and extended 970 BTC with 40 times leverage
2025-06-25 10:16
Foresight News reported that according to Lookonchain monitoring, the address starting with 0x422 sold its BTC spot holdings and opened a 40 fold leveraged long BTC position with a size of 970 BTC (worth approximately $103 million). The trader has already lost over $6 million on perpetual contracts.