A certain whale has averaged down on a 40x leveraged BTC short position again, with liquidation price showing they believe BTC won't rise to $70,600.

MarsBitNews · 2026-03-12T09:18:56+00:00

Mars Finance reports that on March 12, whale address 0xcbd continued to accumulate approximately 23.3 BTC following a brief uptick in BTC price, bringing total positions to $3.12 million. The average opening price was $69,556, currently showing an unrealized loss of 16%, with plans to take profit in the $69,200 to $69,450 range, and liquidation price set at $70,637.

MarsBitNews

2026-03-12 09:18:56

Abstract generation in progress

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

BTC-0,59%

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