Whale Trader (0x469) has taken a significant position by going 40 times short on Bitcoin ($BTC) at a price of $107,700. This move involves a substantial investment worth $10.5 million. The trader’s strategy indicates a strong bearish outlook on Bitcoin’s future price movements. Such a high leverage position suggests a high-risk approach, typical among traders anticipating a decline in asset value. The implications of this trade could impact market sentiment and influence other traders’ decisions regarding Bitcoin.
