Huo Xing Finance reports that on August 5, according to OnchainDataNerd, a new wallet deposited 2.44 million USDC and opened a short position of 1,600 BTC with 40x leverage, valued at approximately $102.6 million. The position was opened at around $64,202 per BTC, with a liquidation price of approximately $64,889. The position is only about $687 away from liquidation, leaving minimal margin for error.
Whale Opens $102.6M BTC Short Position with 40x Leverage
MarsBitShare
Summary
On August 5, 2026, a whale opened a $102.6M BTC short position with 40x leverage. The trade involved a 1,600 BTC short position backed by 2.44M USDC deposited as margin. The entry price was $64,202, with liquidation near $64,889, leaving only a $687 buffer. The position size is extreme, offering virtually no room for error.
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