The 1.14 Billion BTC Short Whale Continues to Bet on No Rebound, Less Than 0.7% Away from Liquidation

BlockBeats News, August 12th, according to TradingBeats (formerly Hyperinsight) monitoring data, the largest BTC short position starting with 0xff84 is currently shorting 1792.6 BTC with 40x leverage, with a position value of approximately $114 million, a comprehensive average entry price of $63,999.2, and an unrealized profit of about $572,000. BTC is currently trading at $63,681, with its liquidation price at $64,102.1, only $421 away from the current price, about 0.66%.

With the liquidation margin already less than 0.7%, this whale has continued to roll over positions from last night to this morning. The whale's current nominal position is about 52 times its equity, almost betting that BTC will not experience a significant rebound in the short term.