"The '40x Long BTC Whale' liquidated after only one day, losing $6.3 million. They have now once again used the remaining funds to go long on BTC with 40x leverage."

BlockBeats News, October 31st. According to on-chain data analyst Yu Jin, yesterday, a whale address that went long on BTC with 40x leverage, with a value of $107 million, was liquidated during yesterday's sharp drop. The long position, ultimately worth $143 million, was completely liquidated, resulting in a loss of $6.3 million.

He has just used the remaining $470,000 of funds after last night's liquidation to continue longing BTC with 40x leverage. He opened a position worth $19 million, with the liquidation price once again only $1200 away from the current price.