A whale has bet 368 million dollars with a 40x leverage on the drop of BTC before the next FOMC meeting. The crypto whale earns over 2 million on its short position, which would be liquidated if Bitcoin exceeds 85,592 dollars.

A Bitcoin whale is betting 368 million dollars with a 40x leverage on the drop of BTC before the FOMC.

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A Bitcoin "whale" is betting hundreds of millions on the short-term decline of Bitcoin, ahead of a week filled with key economic reports that could significantly impact the price trajectory of Bitcoin and the risk appetite among investors.

A large crypto investor, or "whale," has opened a 40x leveraged short position on more than 4,442 Bitcoin

BTC

76,255 €

valued at over 368 million dollars, which acts as a de facto bet on the decline of Bitcoin's price.

Leveraged positions use borrowed money to increase the size of an investment, which can amplify both gains and losses, making leveraged trading riskier compared to regular investment positions.

The Bitcoin "whale" opened the 368 million dollar position at 84,043 dollars and faces liquidation if the price of Bitcoin exceeds 85,592 dollars.