Whale Opens High-Leverage Bitcoin Short Position

According to Odaily, Onchain Lens has reported that a significant investor, often referred to as a 'whale,' has opened a Bitcoin short position with 40x leverage. The current position is valued at $99 million, equivalent to 1,125.2 BTC, with a liquidation price set at $89,130.95. In previous trades, this investor has incurred losses exceeding $3 million.