A crypto trader has opened a significant short position on Bitcoin, betting against the asset with high leverage. The address initiated a 400 BTC short worth $33.13 million at an entry price of $83,171.7 using 40x leverage. The high-risk trade is currently in profit, showing an unrealized gain of $134,000 as Bitcoin's price moved favorably for the bearish position. The substantial leveraged bet highlights continued speculative activity in the derivatives market despite prevailing volatility.