sell

Whale Opens Major Short Position on Bitcoin Near $118.6K

The large whale has opened a short position on Bitcoin with a size of approximately 133 BTC, entry at around $118,590.6, and a liquidation point near $205,479.95. Leveraging 40x on cross margin, the margin balance is about $393,546.78, with the total position valued at over $15.7 million. Currently, there is an unrealized loss of roughly $3,228.17. No funding fees are applicable at this moment.
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AI Analysis

This significant short position taken by a whale on Bitcoin suggests a potential bearish outlook in the near term. The leverage at 40x amplifies both potential gains and risks, indicating the trader’s...

AI Recommendation

Given the whale’s current substantial short position, traders should exercise caution and consider the high leverage risks involved. While this indicates bearish sentiment, it’s essential to corrobora...

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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