$100,000,000 Short Position
A whale has opened a massive $104,500,000 short position on Bitcoin at the $104K level. The position will be fully liquidated if $BTC surpasses $106,400.
Currently, the position is at a $125,000 unrealized loss, but the whale has earned $67,000 in funding fees so far.
Why would someone take such a huge risk on a position like this? Could this whale be an insider?
