40x Leverage Short on $102M BTC: A Whale Stops Out $13M in Positions, Realizing a $146K Loss

Odaily News According to on-chain analyst Ember Monitoring, a whale opened a 40x leveraged short position on 1,600 BTC yesterday, worth $102 million, with a liquidation price of $64,889. Subsequently, the whale set stop-loss orders between $64,885 and $68,254, placing them in increments of 50 BTC each. At 4 AM, BTC rebounded to $65,000, triggering 4 of the stop-loss orders, reducing the position by 200 BTC, worth $13 million, and realizing a loss of $146,000. The whale still holds a short position of 1,400 BTC, worth $90.54 million, with the latest liquidation price at $64,998.