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A leading profit performer on a major derivatives platform just added another $18.3K short position on $BTC, entering at $101,680.00.
Their total exposure? A massive $2.85M short on Bitcoin, with an average entry around $101,717.10.
Here's the kicker—liquidation sits at $594,239.45. That's nearly 6x from current levels, suggesting either extreme confidence in a downturn or serious capital backing this bearish bet.
With BTC hovering just above $101K, this whale's clearly betting on a correction. Whether they're reading the charts right or catching a falling knife remains to be seen.