According to the latest monitoring data, on January 23, within the past half hour, a wallet address starting with 0x506f aggressively opened a BTC short position with 40x leverage at $88,900. The holding scale reached as high as 238.5 BTC, equivalent to approximately $21.22 million, with a liquidation price at $90,046.90.
Whale Move Sends Shockwaves Through Market
This operation, notable for its rare scale, reveals strong bearish sentiment from certain large investors regarding Bitcoin’s short-term price trajectory. Particularly noteworthy is the aggressive liquidation level set for the position, suggesting the trader may have conducted in-depth market volatility analysis and holds high confidence.
Market Response and Future Outlook
The move triggered an immediate market reaction, and the battle between bulls and bears may intensify. Analysts suggest that such large positions could potentially lead to chain reactions under specific conditions, warranting close attention from investors.