Bitcoin’s $104,000 Peak Sparks High-Stakes Short Positions – Details
Bitcoin surpassed $104,000, prompting significant short positions from major traders. One whale opened a $93 million short with 40× margin, risking liquidation at approximately $105,700, currently facing over $500,000 in losses. Another whale holds a $44 million short at $103,494.40, down about $515,348.53, with a liquidation threshold at $112,660. A third trader's $69.7 million short at $95,969 has likely been liquidated after Bitcoin exceeded $103,470. In the last 24 hours, Bitcoin derivatives experienced $82.58 million in liquidations, predominantly from shorts. This situation highlights the risks of high-margin short positions amid rising prices, with potential for increased volatility as more shorts may be forced to exit if Bitcoin continues to climb.
