Browsing: 20x leverage

A newly created address has recently closed its BTC short position with a staggering 20x leverage, culminating in a hefty loss of approximately $3.2 million.This significant event highlights the risks associated with Bitcoin trading and the potential for cryptocurrency losses that traders can face.

The Bitcoin short position is gaining significant attention in the cryptocurrency market, particularly as whale trading strategies continue to evolve.Recently, a notable hardcore short whale has leveraged a 20x position, resulting in a staggering profit of over $30 million as Bitcoin dipped below $85,000.