40x Leverage Short on $102M BTC, Whale Cuts Position by $13M with $146K Loss

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