Bitcoin short position
A whale that shorted Bitcoin 40 times has reported an unrealized loss of $3.245 million, with a liquidation price set at $116,914.8. This significant loss highlights the risks associated with short selling in volatile markets. The whale’s position reflects the challenges traders face when betting against the price of cryptocurrencies. As the market fluctuates, such positions can lead to substantial financial consequences. The liquidation price indicates the level at which the trader’s position would be forcibly closed to prevent further losses.
