HuoXing Finance reports that, as of April 3, according to Hyperinsight monitoring, a whale address starting with 0xb5a opened a BTC short position with 40x leverage over the past hour, holding a position size of $10.2 million at an average price of $67,159. As of this report, the address has partially closed $1.4 million of the position and placed a stop-loss order at $67,102, intending to fully close the remaining position once the price reaches that level. This marks the fifth attempt by this address to establish a short position within the past 24 hours.
Whale Opens $10.2M BTC Short Position with Stop-Loss at $67,102
MarsBitShare
Summary
A whale with address 0xb5a opened a $10.2M BTC short position using 40x leverage at an average price of $67,159, as tracked by Hyperinsight. The whale has since closed $1.4M of the position and set a stop loss at $67,102. This marks the fifth BTC short attempt by this address within 24 hours. Trading activity remains active as the market monitors for a potential liquidation trigger.
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