A major Bitcoin whale is currently sitting on a 15 BTC short position, worth around $1.21M, with 40x leverage. ๐
๐ Entry Price: $80,366.6
โ ๏ธ Liquidation Price: $82,170.14
๐ Current Loss: -$1.25K
๐ Position: Short 15 BTC
๐ฅ Leverage: 40x
The dangerous part? This position is now only roughly $1.7K away from liquidation.
If Bitcoin makes one strong move upward, this short position could be wiped out โ and a liquidation could add even more buying pressure to the market. ๐
BTC bulls are watching closely. ๐๐
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