A prominent Bitcoin trader, referred to as a "Bitcoin OG," has expanded his short position on Bitcoin by 200 BTC, utilizing 10x leverage. This move, reported by Onchain Lens, brings the trader's total short position to 900 BTC, valued at approximately $99.6 million. Despite the increase, the trader faces a floating loss of $1.1 million, with an average opening price of $109,521 and a liquidation price set at $141,072.
Bitcoin OG Expands BTC Short Position by 200 BTC
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.