Highly Leveraged Whale Opens Multi-Million Dollar BTC Short Position, Sets Stop-Loss at Only $400 Price Drop

BlockBeats News, April 21st, according to Hyperinsight monitoring, an address starting with 0x6d9 opened a BTC short position with 40x leverage, with a size of 157.8 BTC, equivalent to $11.95 million. The entry price was $75,746, and the liquidation price was $76,675.

After opening the position, the address immediately placed a market price take profit order at $75,361, planning to take profit within a $400 price drop range.

Address: 0x6d9532075ffdde66c7ed1b0f55b46227295dff14