A certain fish's high-stakes gamble is coming! $4 million short position, 15x leverage betting on a market crash?
On-chain monitoring has just captured a shocking operation: a wealthy entity just deposited $4 million in $USDC into the exchange and directly leveraged it to the maximum of 15 times, opening a massive short position in $BTC!
Let's see what this operation means:
• 15x leverage = effectively controlling a short power of up to $60 million
• The current price of Bitcoin is in the overbought range, with bulls feasting, and this high-leverage short position is highly provocative
• This move could be a 'faith attack' against the short-term bullish momentum of Bitcoin
What is this certain fish betting on?
1️⃣ Technical analysis for a correction: RSI is already at a high, and funds predict 'bull fatigue'
2️⃣ Market sentiment for a reversal: crowded long positions at a high, the bears may take the opportunity to 'kill the bulls and harvest'
3️⃣ Uncertainty in news: possibly sensing unsettling factors from the domestic market or ETF
But don't forget:
• If the market continues to surge, he will face liquidation limits
• Current market liquidity is strong, with bulls in control; if counter-attacked, the bears could become the sacrificial offering
