According to BlockBeats, on-chain tracking platform HyperInsight has flagged a major move by a whale trader identified by wallet address starting with 0x5D2F. The trader has added 257.45 $BTC to an existing short position, increasing the total position value to a massive $118,536,791.
🔍 Position Details:
Total BTC in Short Position: 1,097.47 BTC
New BTC Added: 257.45 BTC
Opening Price: $107,926
Leverage Used: 40x
Liquidation Price: $115,597
Current PnL (Unrealized Loss): -$90,420
This move comes amid ongoing market volatility, signaling that the whale expects further downside in Bitcoin's price. With such high leverage, the position is highly sensitive to price swings. If BTC climbs toward $115,597, the entire position risks liquidation.
📉 At the time of writing, BTC is hovering near the $108,000 mark, keeping the trade in a tight risk zone.