This terrifying whale really dares to bet big, shorting Bitcoin with 40x leverage and shorting SPCX with 10x leverage, 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: 1002.5 BTC (40x) and 89,695.7 SPCX shares (10x).

BTC liquidation price: $62,071.8;

SPCX liquidation price: $162.79.

Notably, the liquidation price for SPCX in this combined short is as high as $162.79, while the current price is far below that. This means the position is not a hedge against a decline in SPCX spot, but rather a structural operation that uses a high-leverage, high-liquidation-price asset as "cross-collateral" to amplify the BTC short position. Such strategies can easily trigger cascading liquidations during periods of increased volatility.$SPCXB

{spot}(SPCXBUSDT)
BTC0.48%
SPCX2.50%
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ThisIsTranslateContent:
· 2h ago
Just go for it 👊
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ThisIsTranslateContent:
· 2h ago
Firmly HODL💎
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