BlockBeats News, July 25th, according to on-chain analyst WhaleAi (@ai_9684xtpa), yesterday evening, a whale started a 40x long position on BTC, with a position size of up to $38.67 million. The whale admitted defeat and triggered a stop-loss, holding the position for only 18 hours and experiencing a single loss of $368,000.

The entry price was $64,469, the stop-loss price was $63,859, and the position was immediately liquidated after a mere 1% price drop.