Bitcoin Whale Bets on Short Position Worth 100 Billion KRW at 92,000 Dollars

Uk Jin

Summary

Amid the surge of Bitcoin, some investors are reportedly betting on a decline.
A Bitcoin whale has reportedly entered into a short position worth approximately 100 billion KRW.
The liquidation prices for these positions are shown to be 107,220 dollars and 107,160 dollars, respectively.

Although Bitcoin (BTC) is showing a sharp rise during the day, some investors seem to view this as a time to bet on a decline. A Bitcoin whale (an investor holding 10 or more Bitcoins) has made a short position bet worth 100 billion KRW.

According to Lookonchain on the 23rd, two whale addresses, presumed to be from the same entity, have each entered into 6x leverage short position contracts at 92,491.1 dollars and 92,664.8 dollars. The total of the two positions is approximately 74.5 million dollars (100 billion KRW).

The liquidation prices for the two contracts are 107,220 dollars and 107,160 dollars, respectively.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

Bitcoin Whale Bets on Short Position Worth 100 Billion KRW at 92,000 Dollars

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