Data: A certain whale has taken a 40x leveraged long position on BTC, incurring a total loss of $1.167 million in the past 24 hours

According to on-chain analyst Ai Yi (@ai 9684xtpa), a cryptocurrency trader using 40x leverage faced a massive liquidation when the BTC price dropped to $65,056, resulting in a total loss of $1.167 million in the past 24 hours.

The trader was liquidated on 395.14 BTC, losing $520,000, while their SOL long position also turned from profit to loss. Currently, the account still holds approximately $13.75 million in long positions, including a long position of 500 BTC, with a liquidation price of $65,930 and very little margin of safety.