Huo Xing Finance reports that on April 8, according to on-chain analyst Ai Yi (@ai_9684xtpa), after Bitcoin briefly surged to $72,800, a short position worth $25.43 million in wallet 0xedf…8fc0b was liquidated. Just four minutes later, this whale opened a new 40x short position of 138.96 BTC, valued at $10.09 million, with an entry price of $72,620 and a liquidation price of $73,309.
Whale Opens $10.09M Short Position After Liquidation
MarsBitShare
Summary
On April 8, the Bitcoin price fell below $72,620 as a whale re-entered the market after a major liquidation. The whale’s $25.43M short position was liquidated when Bitcoin’s price briefly spiked to $728,000. Just four minutes later, the whale opened a new 40x short position of 138.96 BTC, totaling $10.09M at $72,620, with a liquidation price set at $73,309.
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