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A trader opened 20x leveraged long positions on Bitcoin and Ethereum, and the current position value is approximately $90 million.
PANews
May 2, 2026
#Bitcoin
BTC
+0.59%
ETH
+0.09%
MAG7.SSI
+0.23%
On May 2, according to Lookonchain monitoring, a trader "0x049b" opened 20x leverage $BTC and $ETH long positions.
Currently, the trader's Bitcoin long position holds 586.68 $BTC, valued at $45.82 million, while the Ethereum long position holds 19,416 $ETH, valued at $44.67 million.
#WCTCTradingKingPK #USSeeksStrategicBitcoinReserve #BitcoinETFOptionLimitQuadruples ##FedHoldsRateButDividesDeepen