ChainCatcher report, according to Hyperinsight monitoring, over the past half-hour, a whale address starting with 0x004 opened a BTC short position with 33x leverage at an average price of $70,745, totaling 200 BTC, approximately $14.15 million, with current unrealized losses reaching 10%. This address just closed its previous BTC short position at breakeven this morning and immediately re-entered the market to short again—this marks its fifth short position opened this month. Address: 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8
Whale opens a $14.15M BTC short position with 33x leverage for the fifth time this month
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Summary
A whale address starting with 0x004 has opened a BTC short position with 33x leverage at $70,745, totaling 200 BTC, or $14.15 million. The position currently shows a 10% floating loss and marks the fifth BTC short position traded this month. The whale previously closed short positions to preserve profits. Position sizing remains a key element of the whale’s strategy.
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