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After a winning streak, they opened a 20x leveraged big short position with a 70 million position size; they’re already down 870k, with a liquidation price of 70,001. Is this overconfidence, or did they sense something?
Subsequently, he opened a 20x leveraged short position of 1,040 BTC (approximately $70 million), currently losing $874k, with a liquidation price of $70.1k.