Huo Xing Finance reports, according to on-chain analyst Yujin, a large whale shorted 1,600 BTC at 40x leverage yesterday, valued at $102 million, with a liquidation price of $64,889. Subsequently, the whale set stop-loss orders between $64,885 and $68,254, each for 50 BTC. At 4:00 AM, BTC rebounded to $65,000, triggering four stop-loss orders, reducing the position by 200 BTC—valued at $13 million—and resulting in a loss of $146,000. The whale currently still holds 1,400 BTC in short positions, valued at $90.54 million, with a latest liquidation price of $64,998.
Whale Closes $13M BTC Short Position After $146K Loss Amid 40x Leverage Trade
MarsBitShare
Summary
A whale adjusted its BTC short position using a stop-loss strategy as Bitcoin approached $65,000. The trader initially opened a 40x leveraged short of 1,600 BTC ($102 million) with a liquidation price of $64,889. Four stop-loss orders were triggered, reducing the position by 200 BTC ($13 million) and resulting in a $146,000 loss. The remaining 1,400 BTC short is now valued at $90.54 million, with an updated liquidation price of $64,998. Position adjustments continue amid volatile price movements.
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