A whale shorted 1,600 BTC with 40x leverage yesterday, worth $102 million. Overnight, due to a BTC rebound, four stop-loss orders were triggered, reducing the position by 200 BTC, valued at $13 million, resulting in a realized loss of $146,000. The whale currently still holds 1,400 BTC in short positions, worth $90.54 million, with the latest liquidation price at $64,998. (Yujin)
Whale Suffers $146,000 Loss After 40x BTC Short Triggers Stop-Loss
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Summary
Whale trading activity incurred a significant loss as a 40x BTC short triggered stop-loss orders. The whale opened a 1,600 BTC short position worth $102 million. A BTC price rebound activated four stop-loss orders, reducing the position by 200 BTC and resulting in a $146,000 loss. The remaining 1,400 BTC short is valued at $90.54 million, with a liquidation price of $64,998. Whale trading activity continues to be closely monitored by the market.
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