A leading perpetual trader just added another short position on $BTC worth $73.57K at the $103,110 mark.
Their total exposure? A massive $25.09M short bet with an average entry around $103,328.
The liquidation trigger sits way up at $183,799 — meaning they're positioned for a significant downside move or facing substantial risk if Bitcoin rallies hard from here.
This kind of size doesn't come from retail. Worth watching how this plays out.
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A leading perpetual trader just added another short position on $BTC worth $73.57K at the $103,110 mark.
Their total exposure? A massive $25.09M short bet with an average entry around $103,328.
The liquidation trigger sits way up at $183,799 — meaning they're positioned for a significant downside move or facing substantial risk if Bitcoin rallies hard from here.
This kind of size doesn't come from retail. Worth watching how this plays out.