This guy shorted BTC with 40x leverage again, taking on a position of 3,940.8 $BTC (about $332M), and ended up with a loss of roughly $1M! He entered at $84,040.8, and his liquidation was set at $85,300 📉
Once his position became public, a group of whales on X stepped in to liquidate him. In minutes, $BTC surged by 2k, reaching $85,106.
Fearing liquidation, the whale added $5M in margin to push the liquidation price to $86,593.
Nice move! This local pump will likely fizzle out right where it started, and from here, we’re probably heading lower. Sunday's pumps don't live long without good news.
What do you really know about risk-taking?
