According to on-chain analyst Ai Yi monitoring, at around 22:30 last night, address 0x854...c775e opened a 40x leveraged long position for 603.71 BTC at an average price of $64,469, with an unrealized loss of about $259k. In addition, the address also placed limit buy orders worth about $31.44 million in the $63,500 to $63,674 range; if all orders are filled, the overall position size will expand to about $70.11 million.