A cryptocurrency whale has expanded its Bitcoin short position to $3.12 million as BTC briefly surpassed $70,000. The whale, identified by the address starting with 0xcbd, added approximately 23.3 BTC, valued at $1.6 million, using 40x leverage. The average entry price for the position is $69,556, currently reflecting a 16% unrealized loss. The position was initiated three hours ago, with take-profit orders set between $69,200 and $69,450. The liquidation price is established at $70,637.