A whale’s long position was liquidated with losses exceeding $3.5 million, but a subsequent 40x BTC long is now showing a $1.06 million unrealized profit

Odaily Planet Daily reported, according to monitoring by @lookonchain, that due to the market downturn, address 0x7e8b was liquidated, resulting in losses including 965 BTC (approximately $97.5 million) and 12,024 ETH (about $26.22 million), with total losses exceeding $3.5 million. The address subsequently reopened positions, taking a 40x leveraged long on BTC, and is currently showing an unrealized profit of around $1.06 million.