A whale opened a short order of $13.45 million in Bitcoin with 50x leverage
According to monitoring, the whale trader who previously made a profit of $6.83 million by longing BTC and ETH with 50x leverage on the Hyperliquid platform, switched to shorting 20 minutes before the US stock market opened, opening a $13.45 million Bitcoin short position.
The trader still used a 50x leverage strategy, but the position was reduced compared to before. The opening price this time was $93,117.5, and the liquidation price was $94,083. As of the time of the announcement, the short position was floating at a loss of about $60,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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