Data: Shorting $102 million BTC with 40x leverage, a certain whale reduced their position by $13 million and incurred a loss of $146,000

According to on-chain analyst Yu Jin's monitoring, a certain whale shorted 1,600 BTC with 40x leverage yesterday, worth 102 million USD, with a liquidation price of 64,889 USD. Subsequently, it set stop-loss orders in the price range of 64,885 USD to 68,254 USD, with 50 BTC for each order.

At 4 AM, BTC rebounded to 65,000 USD, triggering its 4 stop-loss orders, reducing its position by 200 BTC, worth 13 million USD, and realizing a loss of 146,000 USD. Currently, the whale still holds a short position of 1,400 BTC, worth 90.54 million USD, with the latest liquidation price at 64,998 USD.