Two significant whale accounts have initiated a high-stakes long-short battle in Bitcoin, according to Lookonchain. Whale 0x50b3 has opened a 20x long position involving 307 BTC, valued at $27.5 million, with an entry price of $89,642.7 and a liquidation threshold at $83,385. Meanwhile, whale 0x9311 has taken a 40x short position on 223.4 BTC, worth $20 million, at an entry price of $89,502.7, with a liquidation point at $95,114. This strategic positioning highlights the ongoing volatility and speculative trading in the Bitcoin market.