A whale 40x short short position in BTC is nearing liquidation, with total short positions exceeding $190 million.
AI Summary1 min read
TL;DR
A whale holds over $190M in short positions on BTC, XRP, and ZEC, with a $148M 40x BTC short nearing liquidation at $97,560.2. This high-leverage bet risks significant losses if prices rise.
Tags
Halving TokensLayer 1whaleshort positionBTCXRPZEC
According to Lookonchain Odaily, a whale is currently short BTC, XRP, and ZEC on a large scale, with a total value exceeding $190 million. Specifically, the 40x short BTC position is worth $148 million, with an opening price of $96,065.2 and a liquidation price of $97,560.2; the 20x short XRP position is worth $27.3 million, with an opening price of $2.225 and a liquidation price of $2.5; and the 10x short ZEC position is worth $20.6 million, with an opening price of $652 and a liquidation price of $775.