Odaily Planet Daily reports, according to Lookonchain monitoring, two whales are shorting BTC with a combined position size exceeding $100 million. One whale has taken a short position of 900 BTC at 40x leverage, amounting to $53.69 million; the other whale has taken a short position of 800.75 BTC at 20x leverage, amounting to $47.76 million.
Two whales short BTC with 20x and 40x leverage, total short position exceeds $100M
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Summary
Two whales are shorting BTC through leveraged trading, with a combined short position exceeding $100 million. One whale opened a 900 BTC short at 40x leverage, worth $53.69 million. Another took an 800.75 BTC short at 20x leverage, totaling $47.76 million. These trades underscore aggressive position-taking strategies amid heightened volatility.
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