Trader moved $6M USDC onto Arbitrum and opened a $154M Bitcoin short with 40x leverage.

Entry at $111,914, but he is now in $12.5M in unrealized losses partly offset by $4M earned in funding fees.

With this high leverage, a small BTC move against them can hit his liquidation around $127,780.

This guy is taking extreme risk.

Manifest Bitcoin hitting $127,000.

R.I.P. Trader is going against the markets!