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🐋 Whales are making moves, shorting BTC with 40x leverage! Is the bullish momentum for the bulls coming?
Just detected a major operation on the chain:
A whale opened a short position on BTC at a price of $78,254.20, using 40x full margin.
The short position is worth $5.94M.
Currently, unrealized loss is -$283.52, which isn't large, but the liquidation price is at $79,286.37 — only about $1,032 above the opening price!
💣 In other words, as long as BTC rises by about 1.3%, this nearly $6 million short position will be wiped out instantly, fueling the bulls' attack.
Full margin + low margin (only $148.5k) + high leverage, a typical "life-or-death" short. Either precisely hitting the top or being swept away in a wave.
If Bitcoin can hold steady above 79.3k with increased volume, the short squeeze effect could accelerate the rally.
The market is never short of gamblers, only hunters who recognize the direction. Keep an eye on 79.3k; the decisive move will come soon.
$BTC