ChainCatcher report, according to Hyperinsight monitoring, during the brief surge of BTC above $70,000 in the past half-hour, the whale address starting with 0xcbd continuously averaged down its 40x leveraged BTC short position, adding approximately 23.3 BTC (around $1.6 million). After this round of accumulation, their total position has reached $3.12 million, with an average entry price of $69,556. The position is currently at a 16% unrealized loss and was opened three hours ago. Meanwhile, this address has placed take-profit orders in the range of $69,200 to $69,450, planning to close positions in batches within this price zone. The current liquidation price is set at $70,637.
Whale Adds $1.6M BTC Short Position Amid $70K Rally, Sets Liquidation at $70,637
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Summary
A whale with an address starting in 0xcbd has increased its BTC short position by 23.3 BTC ($1.6 million) using 40x leverage, amid a BTC rally above $70,000. The total position now stands at $3.12 million, with an average entry price of $69,556 and a 16% floating loss. The whale opened this position three hours ago, setting profit-taking orders between $69,200 and $69,450. Liquidation is triggered at $70,637. This move demonstrates careful position sizing and precise trading strategy execution.
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