A previously liquidated whale has reopened a much larger 40x leveraged Bitcoin short worth about $12.97 million, after earlier closing a separate $78 million short position at a $10.1 million loss.
After earlier liquidations tied to Bitcoin’s move above $78,000, whale address 0x2fca reopened a new 40x leveraged Bitcoin short position of 166.1 BTC, valued at about $12.97 million. The position’s average entry price was $78,268 and its liquidation price was $79,247. The new trade came two days after the same address exited a separate $78 million Bitcoin short with a $10.1 million loss, adding a major new development to the trader’s recent sequence of high-risk bearish bets.