0x320 Whale Takes on Significant BTC Short Position Using 21x Leverage

A recent analysis by ChainCatcher has revealed that the '0x320' whale has opened a substantial short position in Bitcoin (BTC) using 21 times leverage.

The total value of their short positions now surpasses $36 million, indicating a significant bet against the cryptocurrency's price increase.

According to the data, this move was made with an average opening price of $80,251.8 and a liquidation price of $108,669, highlighting the whale's confidence in Bitcoin's downward trend.