Whale Opens 124.7 BTC 40x Long — Bullish but Highly Risky

I see a 124.688 BTC long opened at $117,466.70 using 40x cross margin; the position value is about $14.66M and unrealized PnL is roughly $13.6k.

Liquidation is set at $83,980.58, so the trade would be wiped out if BTC falls ~28–29% from the entry; the margin balance is $366,508, which provides some cushion but does not remove substantial leverage risk.

I interpret this as a clear bullish conviction from a whale, but it’s a high-risk, high-leverage bet — monitor closely and don’t follow blindly.