ME News reports that, as of August 12 (UTC+8), EmberCN monitoring shows that four large whale addresses recently opened concentrated short positions on Bitcoin near $64,000, with a total value of $340 million. Address 1 shorted 1,792 BTC, valued at $114 million, at an entry price of $63,999; Address 2 shorted 1,576 BTC, valued at $100 million, at an entry price of $64,038; Address 3 shorted 1,200 BTC, valued at $76.45 million, at an entry price of $64,418; Address 4 shorted 806 BTC, valued at $51.35 million, at an entry price of $64,398. (Source: BlockBeats)
Four whale addresses open $340 million BTC short positions near $64,000
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Summary
Whale activity trading has drawn attention as four major addresses opened $340 million in BTC short positions near $64,000 on August 12 (UTC+8). Address 1 shorted 1,792 BTC at $63,999, Address 2 shorted 1,576 BTC at $64,038, Address 3 shorted 1,200 BTC at $64,418, and Address 4 shorted 806 BTC at $64,398. Open interest analysis reveals a sharp increase in bearish positioning at this level.
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