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Whale 40x short on 44 BTC, aggressive traders are at it again
【Block Rhythm】On-chain data shows that at 10:32 AM on January 20, a well-known whale address took action. This move was significant—shorting 44.15 BTC with 40x leverage, equivalent to a position of approximately $4.07 million. The average entry price is around $92,359.7, currently slightly in the green.
This address’s trading style has always been aggressive. Historically, high leverage of 5x to 40x is common, and they are not afraid of liquidation. The main trading assets are major cryptocurrencies like BTC and ETH, occasionally targeting some large-cap altcoins. The strategy is to use high leverage for quick entry and exit, profiting from volatility. This aggressive approach is quite common in the crypto market.