A significant Bitcoin trading battle is unfolding as two major positions have been established. Trader 0x50b3 has initiated a 20x leveraged long position on 307 BTC, valued at $27.5 million, with an entry price of $89,642.7 and a liquidation point at $83,385. Meanwhile, trader 0x9311 has countered with a 40x leveraged short position on 223.4 BTC, worth $20 million, entering at $89,502.7 and facing liquidation at $95,114. These high-leverage trades highlight the ongoing volatility and strategic maneuvers in the Bitcoin market.