A whale address, known for previously selling 255 BTC, has reopened a short position on Bitcoin, according to Onchain Lens. The address currently holds 409.58 BTC in the short position, utilizing a 10x leverage. This brings the notional value of the position to approximately $36 million. The move indicates a significant bearish bet on Bitcoin's price movement.
Whale Reopens Short Position on Bitcoin with $36 Million Notional Value
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.
