Whale Opens $64.95M Short Position on Bitcoin with 20x Leverage

BTC-0.72%
Gate News message, another whale has initiated a short position on Bitcoin. According to Lookonchain, whale address 0xaeaa opened a 20x leveraged short on 1,100 BTC valued at $64.95 million. The liquidation price for this position is set at $67,914.56. This follows earlier reports from Lookonchain indicating that two other whales had established short positions on BTC totaling over $100 million, with addresses 0x069a holding a 40x short on 900 BTC ($53.69M) and 0x3e7a holding a 20x short on 800.75 BTC ($47.76M).
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