One address opened a long position of 307 BTC with 20x leverage, while another address opened a short position of 223.4 BTC with 40x leverage.

According to Odaily Planet Daily, Lookonchain posted on the X platform that another battle between BTC bulls and bears is heating up.

An address (0x50b3) opened a long position of 307 BTC (worth $27.5 million) at a price of $89,642.7, with a leverage ratio of 20x and a liquidation price of $83,385.

An address (0x9311) opened a short position of 223.4 BTC (worth $20 million) at a price of $89,502.7, with a leverage ratio of 40x and a liquidation price of $95,114.