Gate News message, April 27 — A whale address, 0xbac, opened a 40x leveraged short position on Bitcoin over the past hour, with a notional value of $11.67 million and an average entry price of $77,749, according to Hyperinsight monitoring. The liquidation price for the position sits at $81,286.
The address has simultaneously placed a market take-profit order set to execute when BTC falls to the $70,000 level.
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