Insider Brother is fully leveraged, are Bitcoin bulls trembling?
At the gambling table of cryptocurrencies, some use leverage to move the earth, while others are crushed to dust by it.
'Insider Brother' previously shorted Bitcoin and Ethereum, but was liquidated several times. However, he didn't give up and added 4.5 million USDC as margin, increasing his short position from 78.89 million to 213 million.
He now holds a short position of 213 million, with 150 million shorting Bitcoin and 63.73 million shorting Ethereum, both using high leverage of 40x and 25x, respectively. This means that if the prices of Bitcoin and Ethereum rise to a certain extent, his positions could be forcibly liquidated.
But the question is—when market sentiment is ignited by this battle of bears, will the prices of Bitcoin and Ethereum really fall as he wishes? Or will this gamble ultimately turn into a 'suicidal' short squeeze, transforming the 213 million position into a feast for the bulls?
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