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40x $BTC Short , One Small Move Away from Trouble 😬. this is a seriously aggressive bet.
trader 0x8cA3 just opened a 40x leveraged short on 390.88 Bitcoin (~$29.96M) with an entry at $76,696.4 and a liquidation sitting at $78,584.1.
that’s an extremely tight range for error: less than ~2.5% move up → liquidation risk, high leverage means every small bounce hurts fast. this kind of setup is basically a high-conviction, short-term play, not something you hold comfortably. it likely means the trader is expecting: a quick rejection or pullback or some near-term catalyst pushing BTC down.
but the flip side is brutal. if momentum continues upward, there’s almost no room to breathe before forced liquidation kicks in. this isn’t a “wait and see” position… it’s more like “it works quickly, or it fails quickly.”
address:0x8cA341DB4A455DeC932ed6A29B16e75fa06aC22D