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Huge short order emerges: Traders bet $112 million on Bitcoin falling with 40x leverage
According to monitoring data, a well-known trader has taken bold actions in the crypto assets market. This trader has opened a massive short position in Bitcoin, using 40x leverage. The scale of this trade is quite astonishing, involving 1038.71 Bitcoins, approximately 112 million USD.
The opening price chosen by the trader is $107,711.1, while the liquidation price is set at $149,100. This means that if the Bitcoin price rises to the liquidation price, the trade will face the risk of forced liquidation.
This large-scale short positions operation has attracted market attention, reflecting some investors' expectations of a potential pullback in the current Bitcoin price. However, considering the high volatility of the crypto assets market, such high-leverage trading also carries considerable risks.
Market participants are closely monitoring the direction of this transaction and its potential impact on overall market sentiment and price trends. Regardless of the final outcome, this transaction undoubtedly adds an intriguing variable to the current landscape of the Crypto Assets market.