๐จ 40x leveraged whales caught in a short squeeze! $21.6 million in BTC shorts nearing liquidation
๐น Two whales using 40x cross-margin leverage shorted BTC at around $81,700. Their combined short positions total $21.62 million and are being pushed toward liquidation as the price rebounds.
๐น Whale 0x4b62: Opened a short position of 101.82 BTC (average price: $81,771), with a liquidation price of $82,731โjust 0.19% above the current price. Unrealized loss: $82,200.
๐น Whale 0x1f25: Opened a short position of 200 BTC (average price: $81,743). 40 BTC have already been partially liquidated, leaving a 160 BTC short position. The liquidation price is $82,959, just 0.46% above the current price.
๐ Market impact:
A modest BTC rebound has put highly leveraged shorts on the brink. With liquidation prices less than 0.5% from the current price, triggering liquidations would create forced buying and could fuel a sharp upward wick in BTC in the short term. Market sentiment currently leans bullish, and the risk of a short squeeze is rising sharply. Watch out for volatility from cascading liquidations.
$BTC #BTC #ๅ ๅฏๆถไบ #ๆ ๆๆธ ็ฎ #ShortSqueeze
โ ๏ธ Disclaimer: The above content is for informational purposes only and does not constitute investment advice. Markets involve risk; invest with caution (DYOR).
๐น Two whales using 40x cross-margin leverage shorted BTC at around $81,700. Their combined short positions total $21.62 million and are being pushed toward liquidation as the price rebounds.
๐น Whale 0x4b62: Opened a short position of 101.82 BTC (average price: $81,771), with a liquidation price of $82,731โjust 0.19% above the current price. Unrealized loss: $82,200.
๐น Whale 0x1f25: Opened a short position of 200 BTC (average price: $81,743). 40 BTC have already been partially liquidated, leaving a 160 BTC short position. The liquidation price is $82,959, just 0.46% above the current price.
๐ Market impact:
A modest BTC rebound has put highly leveraged shorts on the brink. With liquidation prices less than 0.5% from the current price, triggering liquidations would create forced buying and could fuel a sharp upward wick in BTC in the short term. Market sentiment currently leans bullish, and the risk of a short squeeze is rising sharply. Watch out for volatility from cascading liquidations.
$BTC #BTC #ๅ ๅฏๆถไบ #ๆ ๆๆธ ็ฎ #ShortSqueeze
โ ๏ธ Disclaimer: The above content is for informational purposes only and does not constitute investment advice. Markets involve risk; invest with caution (DYOR).