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A certain whale once again liquidates a 40x leveraged BTC short position, with the liquidation price indicating their bearish view that BTC will not rise to $70,600.

2 hours ago

March 12 — Per HyperInsight monitoring (via the Telegram channel @HyperInsight), over the past 30 minutes, as BTC briefly surged above $70,000, the whale address starting with 0xcbd has continued to unwind its 40x-leveraged BTC short position—while also adding roughly 23.3 BTC (valued at ~$1.6 million) to its holdings. After this latest adjustment, the address’s total position size now stands at $3.12 million, with an average entry price of $69,556. The position, opened 3 hours ago, currently holds a floating loss of 16%. Additionally, the address has placed take-profit orders in the $69,200–$69,450 range, planning to close its position in batches within that price band. Its current liquidation price is set at $70,637.
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