A whale initiated a large-scale short position on BTC around the $70,000 integer price level, with a stop-loss order set at $70,500.

BlockBeats News, March 26, according to Hyperinsight Monitoring, during the time BTC briefly dropped below $70,000, a whale starting with 0xe84 opened a 40x leveraged short position with a position size of $2.1 million, at an average price of $70,010, with a liquidation price of $71,121. The whale also placed a market price buy order, planning to execute a stop-loss if the price rises to $70,500.