Trader 'folhas99' initiates a 40x leveraged Bitcoin short position on February 28, holding 750 BTC with an unrealized loss of $1.19 million as Bitcoin price hovers around $64,534.
On February 28, blockchain analyst Ai reported that trader 'folhas99' opened a 40x leveraged Bitcoin short position worth $49.63 million. The position, consisting of 750 BTC, was initiated at a price of $64,534, with a liquidation level of $70,730. At present, the unrealized loss stands at $1.19 million, reflecting the risks associated with high-leverage trading during volatile market conditions.