💥 Whale Shorting BTC at $108K Faces $10M Loss!
According to Lookonchain:
🐋 A whale opened a 40x BTC short at $108K, now sitting on a $10M unrealized loss.
💸 Just added $5.5M in margin to avoid liquidation.
📊 Current position: $132.56M, new liquidation price: $121,080.
📌 Insights:
This whale bet on a reversal, but Bitcoin kept climbing. Now stuck in a high-stakes game of chicken with the market.
💬 In late bull markets, shorting is dangerous. Liquidation risk is real — and brutal.
