A $29M BTC short with 40x leverage — the exchange has a new sponsor tonight 🫡
At 03:48 Moscow time, someone slapped on a $29M market short on BTC.
I respect the guts, but I wouldn’t trust him with my wallet.
💰 $29M — total position
⚙️ x40 — leverage
📍 80,706 — average entry
💀 81,821 — liquidation price
📏 1.4% from the price of 80,716 — that’s all the room he has
For BTC, that’s one lively candle, even without any news.
So far, the degen is down $3.7K — pocket change for a position like this.
But his margin for error is almost zero: every tick up and his margin melts away before his eyes.
And here’s the thing: if the price gets pushed up to 81,821, his position will be closed with a $29M market buy.
That’s fuel for a squeeze, and the market loves gobbling up gifts like that.
Below 80,706, the short seller can relax.
But above that, BTC could go after his liquidity at 81,821 — and he’ll get absolutely wrecked)))
At 03:48 Moscow time, someone slapped on a $29M market short on BTC.
I respect the guts, but I wouldn’t trust him with my wallet.
💰 $29M — total position
⚙️ x40 — leverage
📍 80,706 — average entry
💀 81,821 — liquidation price
📏 1.4% from the price of 80,716 — that’s all the room he has
For BTC, that’s one lively candle, even without any news.
So far, the degen is down $3.7K — pocket change for a position like this.
But his margin for error is almost zero: every tick up and his margin melts away before his eyes.
And here’s the thing: if the price gets pushed up to 81,821, his position will be closed with a $29M market buy.
That’s fuel for a squeeze, and the market loves gobbling up gifts like that.
Below 80,706, the short seller can relax.
But above that, BTC could go after his liquidity at 81,821 — and he’ll get absolutely wrecked)))
