$BTC Whale Expands BTC Short Position to $136 Million, Becoming the Largest On Chain BTC Short Seller
Trader 0x66f8 has further increased their BTC short position to 2,136 BTC, equivalent to $136 million.
🔸 This is currently the largest on-chain BTC short position.
🔸 The liquidation price is set at $64,592.3, relatively close to the current price.
👉 This massive short position is becoming potential "prey" for the bulls. If BTC rallies above $64.5K, this position could be liquidated, triggering a significant short squeeze. It is a high-risk scenario for both sides: the sellers are making a heavy bet, but if they get "hunted," it could drive a rapid price surge.
💬 Do you think the bulls will "hunt" this short position, or will the sellers continue to prevail?
News is for reference, not investment advice. Please read carefully before making a decision.
Trader 0x66f8 has further increased their BTC short position to 2,136 BTC, equivalent to $136 million.
🔸 This is currently the largest on-chain BTC short position.
🔸 The liquidation price is set at $64,592.3, relatively close to the current price.
👉 This massive short position is becoming potential "prey" for the bulls. If BTC rallies above $64.5K, this position could be liquidated, triggering a significant short squeeze. It is a high-risk scenario for both sides: the sellers are making a heavy bet, but if they get "hunted," it could drive a rapid price surge.
💬 Do you think the bulls will "hunt" this short position, or will the sellers continue to prevail?
News is for reference, not investment advice. Please read carefully before making a decision.