Data: A certain whale is going long on BTC with 40 times leverage, planning to take profit at $77,000, with a passive stop loss at a liquidation line of $74,300

According to monitoring by Hyperinsight, a whale opened a BTC long position with 40x leverage, with a position size of 6.95 million USD and an average price of 75,320 USD. After gaining about 20% in floating profit, the address immediately placed a limit take-profit order, planning to close the entire position at 77,000 USD.

It is worth noting that the address did not set any stop-loss orders. Considering that the liquidation price is at 74,287 USD, it may imply using the liquidation line as an implicit stop-loss level.