A prominent cryptocurrency whale has initiated a $120 million short position on Bitcoin, utilizing 40x leverage.
This aggressive move indicates a strong bearish sentiment or an anticipation of near-term price volatility in the Bitcoin market. OBJ
Such high-leverage positions can significantly influence market liquidity and may trigger cascading liquidations if the market moves sharply.
The whale's strategy underscores the heightened risks and potential rewards inherent in the volatile cryptocurrency landscape.
