The "40x Leveraged BTC Whale" suffered a $6.3 million loss after only one day of trading and has since used its remaining funds to go long on BTC again at a 40x leverage.

According to Odaily Planet Daily, on-chain data analyst Yu Jin monitored that a whale address that went long on $107 million worth of BTC with 40x leverage yesterday saw its position liquidated during last night's continuous decline. Ultimately, all long positions worth $143 million were liquidated, resulting in a loss of $6.3 million.

The whale has now used the remaining $470,000 from last night's liquidation to continue its 40x long position in BTC, bringing its total position value to $19 million. The liquidation price is only $1,200 away from the current price.