A certain whale is continuously averaging down on 40x leveraged BTC short positions, with accumulated holdings of $3.12 million

GateNews

2026-03-12 08:45:50

BTC2,04%

Gate News reports that on March 12, according to Hyperinsight monitoring, during the recent half-hour when BTC briefly surged over $70,000, a whale address starting with 0xcbd continued to unwind its 40x leveraged BTC short position, adding approximately 23.3 BTC (about $1.6 million). After this round of accumulation, its total position has reached $3.12 million, with an average entry price of $69,556, currently showing a 16% unrealized loss. This position was opened three hours ago. Meanwhile, the address has placed take-profit orders between $69,200 and $69,450, planning to gradually close the position within this price range. The liquidation price is currently set at $70,637.

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