Anonymous whale flips to 40x leveraged 900 BTC long after closing short

An anonymous whale wallet beginning with 0xccf3 closed a 760 BTC short position worth $58.4 million about an hour ago for a $266,000 profit, then opened a 40x leveraged long position worth 900 BTC, or $69.2 million, according to Lookonchain on X. The long position is currently showing about $173,000 in unrealized profit, with an average entry price of $76,758.