Whale's Leveraged Bets on BTC and XRP Come Under Strain

A large cryptocurrency investor has taken on significant risk by opening leveraged long positions in Bitcoin and XRP, according to recent reports. The investor's total position value is approximately $81 million, with floating losses already nearing $4 million.

The whale, which holds a long position of 27.9 million XRP with 20x leverage, has seen its floating loss on this position expand to about $1.17 million, with a liquidation price of $0.948.

The investor's BTC long position is also under strain, with a floating loss of around $2.8 million and a liquidation price of $56,960.