A whale closed its short position and opened a 40x leveraged long on 900 BTC, with a position value of nearly $70 million

According to Lookonchain monitoring, a whale closed a short position on 760 BTC an hour ago, earning a profit of $266,000, and then opened a 40x leveraged long on 900 BTC worth $69.2 million; the long position currently has an unrealized profit of $173,000.