Address 0x4227 opened a 40x leveraged long position in BTC after selling its spot Bitcoin, with a position size of 970 BTC, approximately equivalent to 103 million USD. This address has previously incurred losses exceeding 6 million USD in contract trading. This indicates that the trader is inclined towards high-risk operations, and despite having suffered significant losses in the past, they may have strong confidence in a short-term rise in BTC.