$BTC
The crypto market is crazy! Two big whales bet $89,000 on Bitcoin with a 40x leverage, throwing in $47.5 million🔥
On December 6th, the crypto market exploded! Lookonchain confirmed two big whales are in a fierce showdown, creating a suspenseful long and short battle!
Whale "0x50b3" threw in $27.5 million, going long on Bitcoin with a 20x leverage at an opening price of $89,642.7 and a liquidation price of $83,385—are they betting that Bitcoin will hit a new high again?
On the other side, whale "0x9311" is even more ruthless, with a $20 million position and a 40x ultra-high leverage decisively going short, opening at $89,502.7 and a liquidation price of $95,114, determined to short this market!
It’s worth noting that Bitcoin has already experienced a 5% drop at the start of December, stabilizing just above the $87,000 mark, and now it's directly staged a showdown at the high of $89,000😱 One side is a 20x long position betting on an increase, while the other side is a 40x short position betting on a decrease, with a margin of over $6,000 triggering liquidation, where both gains and losses are at the tens of millions level!
The long and short divisions in the crypto market have never been this thrilling, with institutional selling and leveraged betting overlapping. Will it break $95,000 or drop below $83,000 next? Comment below with your predictions; are you bullish or bearish?$BTC
