A newly created wallet address cluster has opened a long position totaling 800 BTC, according to on-chain monitoring data.

According to BlockBeats On-chain Detection, on July 1, on-chain analyst Ai Yi reported that the cluster’s total position exceeded $46.88 million and was showing an unrealized loss of $450,000.

Ai Yi added that the whale’s newly opened position today had an entry price of $58,585.