The 40x #Bitcoin whale has closed his $1.25 billion long at a $13.4 million loss.

Despite the loss, he's still up nearly $50 million over the past month.

He’s now taken the opposite side of the trade, opening a $376 million short with 40x leverage.

His entry is $107,100 and liquidation sits at $118,500.

He’s betting the $BTC price is going down.