Crypto Whale Adds $26M to 40x Leveraged BTC Short Position
A large cryptocurrency whale, identified by the address 0x5D2F, has recently added $26 million to its 40x leveraged BTC short position, bringing the total value of the position to $118 million. This significant increase in the whale’s short position underscores the ongoing volatility in the Bitcoin market, potentially influencing market sentiments and trading patterns across various exchanges.
The whale’s actions, which remain anonymous in line with industry practices, have drawn attention to the potential impact of high-leverage trades on market dynamics. The unrealized loss figures currently stand at -$90,420, highlighting the risks associated with such leveraged positions. The liquidation price for this position is set at $115,597,…
