sell
Whale Short Bitcoin Position Suggests Potential Downside Risk
A whale has taken a short position on Bitcoin (BTC), involving approximately -133.37718 BTC, with an entry point around $117,241.50. The liquidation level is set at about $139,390.92. This position is leveraged at 40x using cross margin mode, with a margin balance of roughly $388,558. The total position value stands at over $15.5 million, with an unrealized profit and loss of nearly $95,033.50, and a small funding fee of -1.6735.
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AI Analysis
The whale's short position on Bitcoin, involving significant leverage of 40x, signals a strong bearish outlook from a major market participant. The entry point near $117,241.50 and the liquidation thr...
AI Recommendation
Given the heavy leverage and bearish position of this whale, it would be prudent for traders to exercise caution. Short positions with high leverage can lead to significant losses if the market moves ...
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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