Someone increased the
$BTC short position to 2,136 units.
The notional value is approximately $136 million, with 40x leverage and an average entry price of $63,851; the
$BTC liquidation price is around $64,592. But don't get it wrong—he is not shorting $136 million of principal outright. Roughly calculated at 40x, the margin is about $3.4 million, and we also don't know whether there is a spot hedge behind it. What is truly worth watching
$BTC now is around $64,500. If the price quickly surges there, forced covering of the short position could very likely add further fuel to the rise; if $B