#数字资产市场动态 A major on-chain move just broke out: a whale address used 20x leverage to open a long position of 557.5 BTC, with an entry price pinned at $96,381.9. This means the principal alone is close to $53.46 million.

Now? The unrealized loss has already soared to $650,000, evaporating in just half a day. To put it another way—this position's fluctuation of tens of thousands of dollars is just a blink of an eye; even a 1% dip could trigger a liquidation.

Interestingly, recently BTC has been oscillating repeatedly between $90,000 and $100,000. Many speculate that this whale might be betting on a short-term breakout. But that’s the "beauty" of 20x leverage—large profit potential, but the tolerance for error is pushed to the absolute limit. A slight correction could lead to liquidation.

The current suspense is: will this address hold against the volatility and wait for a rebound, or has it already been reducing its position in the shadows? On-chain data shows no action yet. Many monitoring tools have likely flagged this address as a key target, because movements of such large, high-leverage positions often reflect short-term market sentiment shifts.