🚨 Bitcoin Whale Places $368M Short Bet With 40x Leverage Ahead of March 19 Fed Meeting. 🚨
A major Bitcoin whale has placed a $368 million short position with 40x leverage, betting on a price decline in the cryptocurrency ahead of the Federal Open Market Committee (FOMC) meeting scheduled for March 19. The position was initiated at $84,043 per Bitcoin, and it faces liquidation if the cryptocurrency rises above $85,592. Although the whale has gained over $2 million in unrealized profits, they also face more than $200,000 in funding fees for the position, according to data from Hypurrscan.
Investors are closely monitoring the FOMC meeting, as it may influence market sentiment and risk appetite. The CME Group’s FedWatch tool currently shows a 98% chance that the Federal Reserve will keep interest rates steady. However, any unexpected hawkish signals from the Fed could put downward pressure on Bitcoin and other risk assets.
In addition to the FOMC meeting, the broader economic climate is contributing to the market’s volatility. Investors are worried about potential changes in global trade tariffs, which could add more uncertainty to the market. Despite these risks, some investors are still willing to bet on short-term price fluctuations, using leveraged positions to maximize their potential returns.
