Whale Places $90M Leveraged Bet on BTC, ETH Rally
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Whale wallet 0x049b placed a ~$90M leveraged bet on BTC and ETH (586.68 BTC ≈ $45.8M; 19,416 ETH ≈ $44.7M) using ~20x leverage. The position sits very close to liquidation, so small BTC/ETH price dips could trigger forced sell-offs and amplify crypto market volatility. Market shows heavy liquidations and split whale flows between aggressive leveraged bets and long-term holding, highlighting downside risk to market liquidity and price stability.
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- A $90M leveraged crypto bet sits close to liquidation as Bitcoin and Ethereum trade near entry levels.
- High 20x leverage leaves trader wallet 0x049b exposed to sharp losses if prices dip slightly further.
- Market sees heavy liquidations, but whale flows remain split between aggressive bets and long-term holding.
A crypto trader has opened a high-risk bet worth about $90 million on Bitcoin and Ethereum, according to blockchain analytics platform Lookonchain. The move shows how some market players are still expecting sharp price swings in the near term. The trader, identified as wallet “0x049b,” used heavy leverage to enter both positions, which increases both potential gains and losses.
The position holds 586.68 Bitcoin worth about $45.8 million and 19,416 Ethereum valued at nearly $44.7 million. The trade sits very close to its liquidation levels, so even small …
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Coins
$ 64.20K
+0.18%
$ 1.81K
+1.16%
$ 0.00187
+3.64%
$ 1.81K
+1.27%Funds
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In This News
Coins
$ 64.20K
+0.18%$ 1.81K
+1.16%$ 0.00187
+3.64%$ 1.81K
+1.27%Funds
Predictions Markets
See what traders are focused on
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