Latest update on $BTC 7/8, the whale shorts Bitcoin at 40x leverage triggering the market! The wealth code behind the $118.8 million short position, will you follow?

When the whale enters the market, even the waves have to make way!"

Jin Xin likes to check on-chain data after breakfast and discovered a mysterious whale opened a short position of 1,097.47 Bitcoins (approximately $118.8 million) at 40x leverage, with a liquidation price locked at $116,510! Even more shocking, this account is the 'super player' that previously made $13.6 million on this platform. What I’m concerned about is whether ordinary investors can get a piece of the action?

1. The Whale's Secret Weapon: The Life-and-Death Struggle of the $118.8 Million Short Position

The trading strategy of this whale is nothing short of textbook:

Precise Timing: The current Bitcoin price is fluctuating around $108,000, while their entry price is locked at $107,926.6, meaning that they will profit immediately if the price drops, but will have to bear high leverage risk if it rises.

Extreme Leverage: 40x leverage means that for every 2.5% increase in price (to $110,573), the margin will evaporate completely; however, if it drops to $105,000, the unrealized profit will exceed $3.8 million.

Liquidation Price Mystery: The liquidation price of $116,510 is far above the current price, indicating that the whale expects no short-term explosive growth in the market, and may even create panic by driving the price down.