Whales Open $148.7M in Leveraged Longs as Bitcoin Reclaims $64K on Early Tuesday

BTC-0.21%
ETH-0.34%
According to Lookonchain, three whales opened a combined $148.7 million in leveraged long positions on early Tuesday (July 7), including a 40x leveraged long on 1,000 BTC worth $63.8 million, a 10x long on 30,627 ETH valued at $54.9 million, and a 20x long on 470.4 BTC worth $30 million. The whale activity coincided with Bitcoin's rebound to $64,312, recovering from a Monday low of $61,246 that followed Strategy Inc.'s disclosure of a $216 million Bitcoin sale of 3,588 BTC for preferred dividend payments.
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