That's an extremely aggressive move. A $119.7M $BTC short with 40x leverage means even a small price move against the position—just 7.3% up to $102,340—would liquidate the entire trade. High-leverage bets like this are risky and often signal either:
High conviction of a short-term price drop, $BTC or
A manipulative strategy, possibly to trigger cascading liquidations or influence sentiment.
Moves like this can spike volatility. Traders should be cautious—these setups can lead to sharp squeezes or crashes.
Do you want a breakdown of how liquidation works in this scenario?
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