According to Lookonchain, top trader James Wynn (@JamesWynnReal) significantly increased his 40x long Bitcoin position following the recent market drop, boosting his holdings to 1,315 BTC (worth approximately $135 million) with an unrealized profit of $4 million. This aggressive leverage move highlights renewed bullish sentiment among experienced traders and signals potential upward pressure on Bitcoin price in the short term. Such large-scale high-leverage activity may also increase market volatility, impacting both retail and institutional crypto traders (source: Lookonchain, x.com/lookonchain/status/1921965069979554122).

According to AltcoinGordon, an unidentified trader has opened a $72 million long position on Bitcoin (BTC) and a $123 million long position on Ethereum (ETH), both utilizing 50x leverage. This high leverage indicates a significant risk tolerance from the trader, and suggests strong bullish sentiment towards these cryptocurrencies. Such large positions could impact market liquidity and volatility, especially if these positions need to be liquidated. Traders should monitor price movements closely as these leveraged positions could lead to increased market activity.