Alright, this one’s wild.
Some absolute whale just opened a $BTC 69.7 million short position on Bitcoin—yeah, with 40x leverage. The entry price? A jaw-dropping $BTC 95,969. And the liquidation price is sitting at $BTC 103,470.
That’s a razor-thin margin, and the stakes are insane. One decent green candle and that whole position could get wiped. I don't know what kind of conviction—or ego—it takes to make a bet like that, but damn... it screams desperation or extreme confidence.
Either way, I’ve had it with these damn bears trying to drag the market down every time we gain momentum.
We’re in a new cycle. Retail is waking up. Institutions are eyeing crypto harder than ever. And some ghost whale wants to play hero shorting at the edge of ATHs? Bold move. But if the bull gods have any mercy, that position’s gonna get cooked.