Address Opens 1,600 BTC Short with 40x Leverage, Position Worth $102.6M

BTC1.32%

According to The Data Nerd, a newly created address opened a 1,600 BTC short position with 40x leverage today, worth approximately $102.6 million at an opening price of $64,202.

The liquidation price stands at approximately $64,889, leaving limited room for price upside before the position faces closure.

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