A certain whale opened a $11.6 million BTC short position, placing a sell order to bet on a price drop to $70,000.

BlockBeats News, April 27, according to Hyperinsight monitoring, in the past 1 hour, address 0xbac opened a 40x leveraged short position on BTC, with a size of $11.67 million, an average price of $77,749, and a liquidation price at $81,286.

In addition, the address has also placed a market price take-profit order, planning to close the position when BTC falls to the $70,000 integer mark.

Address: 0xbac2d8e1e3ef8cba378564667be59a2e2d8ed897