Whale linked to BIT adds $36.4M 20x leveraged BTC long position

A whale associated with BIT (formerly Matrixport) has opened a 20x leveraged long position totaling 500.01 BTC ($36.4 million) via a new address, according to Lookonchain. The same whale is currently facing a $33.86 million loss on a separate 120,000 ETH ($237 million) long position.