Bitcoin Whale Takes Extreme Bet Against Cryptocurrency, Setting Off Market Debate

A major cryptocurrency whale has placed a staggering $1 billion short bet on Bitcoin, using 40X leverage. This unprecedented move has raised eyebrows in the crypto world, with the liquidation price set at $110,500 per BTC – significantly above current market prices. While such high leverage is risky and could lead to an entire position being wiped out, if Bitcoin’s price moves upwards, this whale could see substantial gains.