Whale Short Bitcoin Positions Amid Price Surge, Using High Leverage

Analysis by Look on Chain indicates that two large wallets belonging to a single whale have recently taken short positions on Bitcoin at high leverage levels. These positions were opened with six times leverage and are currently worth around $74.5 million. The reported opening prices for these trades were $92,469.1 and $92,664.8, and their liquidation triggers are set at $10,722 and $10,716 respectively.