Summit production: Whales really dare to bet big — 40x short on Bitcoin, 10x short on SPCX, worth $73.76 million, liquidation price: $62,071.8!

On June 26, according to Onchain Lens monitoring, a whale opened a combined short position worth $73.76 million: 1,002.5 BTC (40x) and 89,695.7 shares of SPCX (10x). BTC liquidation price: $62,071.8; SPCX liquidation price: $162.79. A combined position shorting both BTC and SPCX at 40x high leverage is uncommon among whales. Compared to another whale on June 13 who had a 5x long on SPCX while holding a 25x BTC short, this operation has higher leverage and a more aggressive single-direction bet, indicating a bet on the overall risk exposure of the crypto market. On June 6, a whale also shorted 1,588 BTC at 20x leverage with a liquidation price near $63,939, forming a dense short-term pressure range with this $62,071 BTC liquidation price. Notably, the liquidation price for SPCX in this combined short is as high as $162.79, while the current price is far below that. This means the position is not a hedge against a decline in SPCX spot, but rather a structural operation using high-leverage, high-liquidation-price assets for "cross-collateralization" to amplify the BTC short position. Such strategies are highly prone to cascading liquidations during increased volatility#BTC下探60000美元关键关口