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Whale Bets Big on Bitcoin Short with High Leverage

The whale has taken a short position on Bitcoin with a size of approximately 97.08 BTC, entered at $116,578.60. The liquidation price is set at approximately $137,510.87, utilizing 40x leverage in cross margin mode. The current margin balance is around $282,630.61, with a position value of about $11,305,224.52. The unrealized profit and loss stands at roughly $12,487.08, and no funding fees are involved.
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AI Analysis

This substantial short position by a whale on Bitcoin suggests a strong bearish outlook at the moment. The leverage used amplifies potential gains but also the risk of liquidation if the market moves ...

AI Recommendation

Given the high leverage and the sizable short position taken by a whale, it is advisable to approach the market with caution. Traders should consider the potential for increased volatility and the pos...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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