According to @ai_9684xtpa, trader AguilaTrades increased concurrent BTC and ETH leveraged long positions to about 227 million USD this morning, with 3.227 million USD in unrealized profit; source: @ai_9684xtpa on X, Aug 8, 2025, and Hypurrscan address 0x1f25. Position details reported: BTC 40x long, size 1,277.75 BTC at 115,968 USD entry; ETH 25x long, size 20,296.06 ETH at 3,783.1 USD entry; source: @ai_9684xtpa on X and Hypurrscan address 0x1f25. These entries imply approximate notionals of 148.18 million USD for BTC and 76.78 million USD for ETH, totaling roughly 225 million USD, broadly aligning with the stated 227 million USD; figures derived from sizes and entries reported by @ai_9684xtpa and the Hypurrscan address 0x1f25. Based on the reported sizes, a 1 percent move equals about 1.48 million USD PnL change on BTC and about 0.77 million USD on ETH, underscoring elevated PnL volatility under 40x and 25x leverage; source data: @ai_9684xtpa on X and Hypurrscan address 0x1f25.

According to @EmberCN, trader @AguilaTrades has been adding to a BTC long since yesterday afternoon using TWAP, with the position now valued at $223 million. According to @EmberCN, the account currently shows $4.76 million in unrealized profit and includes a 40x long totaling 1,277 BTC. According to @EmberCN, the trader previously rolled position size up to $400 million five consecutive times and ended in losses on those occasions.

According to AltcoinGordon, a crypto whale has realized a profit of $6.8 million by executing multiple 50x leveraged long positions on Bitcoin (BTC) and Ethereum (ETH) prior to President Trump's announcement of a Crypto Strategic Reserve. The timing of these trades suggests a strategic advantage, capitalizing on the market's bullish reaction to the news. Such high leverage indicates a significant risk taken by the trader, resulting in substantial gains due to the subsequent price surge in these cryptocurrencies.

According to Miles Deutscher, Bitcoin's open interest has surged by 7.2%, approximately $2.4 billion, within the past 24 hours. This increase is driven by leveraged long positions, which could lead to volatility on lower timeframes if spot buyers lose momentum.

According to glassnode, the 7-day average funding rate has fallen to 0.004%, marking an 85% decrease from its December peak of 0.026%. This decline suggests a reduction in demand for leveraged long positions and a weakening speculative appetite. Without a resurgence in leverage, cryptocurrency price action may remain volatile, impacting trading strategies and market dynamics.