Bitcoin Whale Opens Massive $36M Long Position With 40x Leverage

A prominent cryptocurrency investor, identified by the wallet address 0x854...c775e, has executed a high-stakes trade by opening a substantial long position on Bitcoin (BTC). According to data provided by on-chain analyst Ai Yi, the transaction occurred at 10:30 PM on July 24, 2026. The investor utilized 40x leverage to control a position of 603.71 BTC, signaling a high-conviction bet on a near-term price increase despite current market volatility.

Strategic Entry and Pending Orders

The whale entered the market at a price of $60,469 per BTC. As of the latest reports, the position is facing an unrealized loss of approximately $14,000 due to minor price fluctuations following the entry. Despite this initial drawdown, the investor’s strategy suggests an expectation of a significant rebound.

To further bolster this position, the trader has placed additional limit orders totaling $6.44 million within a specific price bracket. The details of these pending orders include:

• Target price range: $59,500 to $60,674
• Planned expansion: If these orders are fully executed, the total holding value will surge to $43.11 million
• Historical context: This trade represents the sixth-largest position opened by this specific address in 2026

Short-Term Tactics and Market Impact

The investor in question is known for short-term scalping and high-frequency strategies, typically maintaining market exposure for only a few hours at a time. This suggests that the current $36 million bet is likely a play on immediate technical indicators rather than a long-term fundamental shift in the blockchain ecosystem.

This long position is the sixth largest of the year, and if fully executed, it will become the largest in scale for this specific whale.

The scale of this leverage is particularly noteworthy, as 40x magnification significantly lowers the liquidation threshold, making the position highly sensitive to even minor downward movements in the Bitcoin price.

While the whale's activity indicates local bullish sentiment, the aggressive use of leverage highlights the inherent risks currently present in the BTC derivatives market. If the limit orders are triggered and the price trends upward as anticipated, this could provide significant liquidity and momentum to the current trading range. However, the short-term nature of this trader's history suggests that a rapid exit is likely once profit targets are met.