Address Builds 400 BTC Long Position With 20x Cross Leverage

An address has been building a BTC long position since 05:42 today, buying 400 BTC through regular trades and three TWAP executions. According to Odaily, the address now holds the position with 20x cross leverage at an average entry price of $77,613.7, with an unrealized loss of about $11,000 and a liquidation price of about $72,863.8. Of the total, 250.65 BTC were bought through regular trades for about $19.493 million, while the three TWAP executions totaled 149.35 BTC for about $11.553 million. Two TWAP orders bought 68 BTC and 50 BTC, respectively, and another order that was planned to buy 200 BTC was stopped early after executing 31.35 BTC.