"Insider Whale" Opens Another $17.62 Million BTC Short Position with 40x Leverage, Liquidation Price at $124,150

Odaily Planet Daily reported that, according to OnchainLens monitoring, the "insider whale" @qwatio has once again opened a BTC short position. The current position is valued at $17.62 million, using 40x leverage, with an entry price of $122,614.5 and a liquidation price of $124,150.45. At present, the position is showing a small unrealized profit of approximately $47,900. This address previously suffered cumulative losses of over $25.79 million due to consecutive liquidations from shorting.