A whale held a 40x short position of 650 BTC, worth $46.09 million.

CoinFeed reported on March 24th that, according to on-chain analyst @ai_9684xtpa, a whale address is holding a 40x leveraged short position of 650 BTC, worth $46.09 million. The opening price was $70,520, and the liquidation price was $71,711. Currently, the address is experiencing a floating loss of $246,000, and a further rise of $799 would trigger liquidation. The address has set stop-loss and take-profit orders: a stop-loss order will be triggered above $71,300, and a gradual take-profit order will be triggered starting at $69,500.