Lookonchain's tracking information is interesting. It’s about early March, but apparently a trader bought an additional 600 BTC in a short period of time at an average of $70,235.8. Since they are using 30x leverage to go long, the position size is about $42.7 million, a large position. Considering the BTC market at that time, it’s a pretty aggressive move. An unrealized profit has grown to $570k, which means profits are riding on the subsequent price movements. However, since the forced liquidation price is set at $66,942.69, a drop to this level would trigger an immediate liquidation. With BTC currently rising into the $78K range, this trader’s position has been in significant unrealized gains. If the average acquisition price for 600 BTC is at this level, the leverage effect is substantial, and it raises questions about how risk management is being handled.

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