Still daring to go all-in on continuous shorting? A whale bets on BTC's decline with injuries, a desperate gamble or a game?
According to on-chain monitoring, a whale has just shorted Bitcoin again with a high leverage of 40x, with a position as high as $55.65 million! What's astounding is that this isn't his first attempt - his previous two shorting operations resulted in losses of over $3.03 million.
In the face of market volatility, this aggressive operation is undoubtedly a double-edged sword. On one hand, the whale's continuous entry indicates a clear prediction of BTC's short-term trend, possibly perceiving some signs of a top; on the other hand, frequent stop-losses also suggest that the resilience of the current market's bulls should not be underestimated.
For ordinary investors, such whale behavior is worth paying attention to but should not be blindly followed. High-leverage trading is extremely risky, especially in volatile market conditions, making it easier to be "swept out" by the market.
Not all whales are winners, position management and risk awareness are always the keys to success.
