PANews reported on October 31 that, according to on-chain analyst Yu Jin, a whale who went long on $107 million worth of BTC with 40x leverage yesterday had its position liquidated during last night's sharp decline. Ultimately, all long positions worth $143 million were liquidated, resulting in a loss of $6.3 million.

However, he just used the remaining $470,000 from last night's liquidation to continue going long on 40x BTC. This $470,000 leveraged to a full $19 million position resulted in the liquidation price being only $1,200 away from the current price.