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A large trader uses 40x leverage to short 56.68 BTC. What kind of signal is released by the shift from bullish to bearish?
【Blockchain Rhythm】On January 20th, a major trader caused quite a stir in the leveraged market—shorting 56.68 BTC with 40x leverage, totaling approximately $5.21 million, with an entry price set at $92,045.3. This trade is currently showing a slight unrealized profit, drawing market attention.
Interestingly, reviewing this trader’s historical orders reveals a significant change in their trading style recently. In the past, they mainly took long positions on BTC, and also traded tokens like SOL, WLD, ETH, and TRUMP. But recently, they clearly shifted strategies from bullish to bearish. Such a change in direction often signals that market participants are reassessing risks.