Whale Bets $21.22 Million on Bitcoin Price Drop with 40x Leverage, Market Reacts

Whale's Bold Move: High-Leverage Bitcoin Short

Recent data shows that a whale investor opened a short position on Bitcoin at the $88,900 price level with an impressive 40x leverage. This trade involves 238.5 BTC, worth approximately $21.22 million at current exchange rates, indicating strong conviction in the investor's market outlook.

Market Reaction and Risk Consideration

This significant short position has drawn widespread attention. Market analysts note that while high-leverage trading can amplify potential gains, it also significantly increases the risk of liquidation, especially in the current volatile environment for Bitcoin prices, urging investors to proceed with caution.

• Position Size: 238.5 BTC
• Leverage: 40x
• Entry Price: $88,900
• Liquidation Price: $90,046.9

Notably, the liquidation price of this short is slightly above the current market price, meaning that if prices continue to rise, this position faces the risk of forced liquidation.