Anonymous trader opens $42.7M BTC long position

An anonymous trader with an address starting in 0x004E has opened a 30x long position of 600 BTC, worth $42.7 million, over the past 20 minutes, Lookonchain reported. The move comes as Bitcoin rebounded to $71,000. The trader's average entry price is approximately $70,235, and the position is currently showing an unrealized profit of around $570,000.