According to on-chain analyst Yujin, a whale address that had shorted 1,600 BTC at 40x leverage, with a notional value of approximately $102 million, triggered partial stop-losses overnight due to Bitcoin’s price rebound. As Bitcoin rose to around $65,000, four stop-loss orders were executed, reducing the position by 200 BTC, representing a liquidated exposure of approximately $13 million and realizing a loss of about $146,000. The address currently still holds a short position of 1,400 BTC, with a notional value of approximately $90.54 million, and the latest liquidation price is $64,998.
Whale Closes 200 BTC Short Position After 40x Leverage Loss
TechFlowShare
Summary
Whale activity saw a major move as a large holder closed 200 BTC from a 40x leveraged short position. The whale originally shorted 1,600 BTC, worth $102 million. A Bitcoin price rebound triggered stop-loss orders near $65,000, leading to the position being reduced across four trades. The partial exit cost $13 million and resulted in a $146,000 loss. The whale still maintains a short position of 1,400 BTC, valued at $90.54 million, with liquidation near $65,000.
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