An address holds a 40x leveraged short position on $46.09 million worth of BTC, with a liquidation price of $71,711

Odaily News According to on-chain analyst Ai Yi's monitoring, an address holds a 40x leveraged short position on 650 BTC, valued at $46.09 million. The order was opened at a price of $70,520, currently showing an unrealized loss of $246,000. If the price rises to $71,711, it will trigger liquidation. The address has set take-profit and stop-loss orders, with stop-loss starting above $71,300 and take-profit gradually starting at $69,500.