A new whale short added roughly $1.6 million in BTC exposure at 40x leverage as Bitcoin briefly moved above $70,000, highlighting elevated liquidation risk in highly leveraged bearish positions.
A whale address added about 23.3 BTC, worth roughly $1.6 million, to a 40x leveraged Bitcoin short after BTC briefly rose above $70,000. The position reached $3.12 million with an average entry price of $69,556 and was showing a 16% unrealized loss. Take-profit orders were set between $69,200 and $69,450, while the liquidation price was $70,637. This adds a separate high-leverage short-position update to continued market attention on large bearish Bitcoin trades.