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Data: A certain address is holding a 40x leveraged short position on $46.09 million BTC with a liquidation price of $71,711.
ChainCatcher reports that on-chain analyst Ai Yi detected that an address holds a 40x leveraged short position of 650 BTC, valued at $46.09 million. The position was opened at $70,520, currently with an unrealized loss of $246,000. If the price rises to $71,711, liquidation will be triggered.
The address has set stop-loss and take-profit levels, with stop-loss starting above $71,300 and gradual take-profit beginning at $69,500.