๐จ *High-Stakes Bitcoin Short Position Faces Liquidation Risk*
A prominent crypto whale has opened a massive *368 million short position* on Bitcoin (BTC) with *40x leverage*, betting on a short-term price decline ahead of key economic events.
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๐ *Position Details*
- *Entry Price*:84,043
- *Liquidation Price*: 85,592
- *Current BTC Price*:105,948
- *Unrealized Profit*: Over 2 million
- *Funding Fees*: Approximately200,000 in losses
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๐ *Market Dynamics*
The whale's position is under pressure as Bitcoin's price approaches the liquidation threshold. In response, the trader has added *$5 million USDC* to their account to bolster margin and avoid liquidation.
Meanwhile, other market participants are reportedly coordinating efforts to push Bitcoin's price higher, aiming to trigger the whale's liquidation.
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โ ๏ธ *Implications*
Such large leveraged positions can significantly impact market volatility. Traders should exercise caution and monitor developments closely, as forced liquidations can lead to rapid price movements.
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.*
