Whale Expands Bitcoin Short Position to 550 BTC Worth $60.95M at 40x Leverage
A cryptocurrency address expanded its 40x leveraged short position on Bitcoin to 550 BTC, valued at approximately $60.95 million, on-chain analyst Ai Yi (@ai_9684xtpa) reported on Oct. 25. The position carries an entry price of $109,621 and an unrealized loss of $667,000. The address maintained its short stance following market volatility triggered by CPI data release.