A crypto whale went all in on Bitcoin with 40x leverage, depleting their capital, leaving their $26 million long position on the verge of liquidation.

According to monitoring by TradingBeats, a whale address starting with 0x90b5 is currently holding two high-leverage long positions in Bitcoin (BTC) and Ethereum (ETH), with a combined notional value of around $26.334 million. The account’s withdrawable balance has dropped to zero, and the two positions are currently showing a combined unrealized loss of roughly $41,800. Breakdown of the positions: - BTC: A 40x fully leveraged long position of 246.17 BTC, worth ~$19.386 million, with an average entry price of $78,855.4 and a liquidation price of $77,641.8—just 1.41% below the current market price. - ETH: A 25x fully leveraged long position of 2,808.02 ETH, worth ~$6.948 million, with a liquidation price of $2,376.7, 3.95% below current levels. Over the past ~27 hours, the address has added roughly $400,000 in USDC via three deposits from the same funding address: $50,000, $50,000, and $300,000 respectively. After all funds were credited, the whale initiated simultaneous Time-Weighted Average Price (TWAP) buy orders for BTC and ETH at 11:35 today. The BTC order was set to purchase 239.45 BTC; 214.72 BTC (worth ~$16.925 million) was filled within five minutes before the order was halted due to a "margin insufficient" error. Following a minor BTC price rise that unlocked some margin, the address bought an additional ~31.45 BTC, bringing its total BTC position to 246.17 BTC. The position is now underwater amid a short-term BTC pullback.