One trader opened $90M in 20x leveraged BTC and ETH longs — liquidation levels are close.

On-chain data shows wallet 0x049b entered 20x leveraged long positions worth a combined $90.5 million: 586.68 BTC ($45.82M) and 19,416 ETH ($44.67M). Both positions were opened simultaneously, suggesting a deliberate directional bet rather than a hedged strategy.

The liquidation prices sit at $75,564 for BTC and $2,247 for ETH — levels that are not far below current spot prices, leaving the trader with thin margin for error. A move of that magnitude would force an automatic unwind, adding sell pressure to the market at those price points.

High-leverage whale positions of this size are worth tracking: if spot drifts toward either liquidation level, cascading liquidations from other overleveraged longs in the same range could amplify the move.

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Aggregated from Lookonchain · Verified · Last refreshed 9d ago

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Lookonchain ✓ @lookonchain · 9d ago

Gambler 0x049b opened 20x longs on 586.68 $BTC($45.82M) and 19,416 $ETH($44.67M). Liquidation prices: $BTC: $75,564.02 $ETH: $2,247.43 https://t.co/RnnPhBU5Z1 https://t.co/YX4JGbeBfG

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