Bitcoin (BTC) Whale Opens $40.8M 40x Leveraged Long Position

A large Bitcoin (BTC) holder has opened a $40,839,000 long position using 40x leverage, according to trading information shared on February 17, 2026. The position, laid down in the never-ending futures market, has gained notice due to its size and high leverage ratio.

According to the data given by CoinMarketCap, at the time of writing, the coin is trading at $66,993.04 with a 2.17% decrease in rate. The market cap of the token has exceeded $1.33 trillion, and the volume of the asset is around $32.17 billion.

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Position Details and Entry Data Regarding Bitcoin

The trading dashboard metrics indicate the whale entered a long position valued at almost $40.84 million. The entry price is shown at $68,676.80, with BTC trading near $68,095 at the time of the snapshot.

The liquidation value for the position is shown at $62,888.48. With 40x support put on, the margin used for the trade is around $1,020,990.

The position demostrates 100% long exposure, with no short positions opened alongside it. At the time the data was recorded, the transaction exhibited an unrealized loss of almost $366,515, constituting a negative return on equity of about 35.90%.

Leverage and Risk Exposure

A 40x leveraged stance indicates that a corresponding small price action can majorly impact profit and loss. At this leverage level, a decrease of almost 2.5% from the entry price could approach the liquidation entrance, depending on funding fees and margin adaptations.

The shown liquidation level at $62,888.48 reflects the value at which the exchange would spontaneously close the position.

This is to prevent further losses beyond the said margin. High-leverage investors are usual in permanent futures markets, where investors can increase exposure using borrowed capital. Such positions sustain increased liquidation risk compared to spot holdings.

According to the data provided by CoinMarketCap, 80% of the traders hope the coin could sustain a bullish rally in the coming days. The rest 20% of the traders doubt the coin achieving a bullish momentum.

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