Whale opens 40x leverage BTC short order with a scale of $112 million, attracting market follow.

According to monitoring reports, a well-known trader has opened a 40x leveraged short order on Bitcoin. The open interest of this short order has reached 1,038.71 Bitcoins, approximately $112 million. The entry price was $107,711.1, and if the price of Bitcoin rises to $149,100, this short order will face liquidation risks. The establishment of such a large-scale short order has attracted widespread attention in the market, reflecting the strong bearish expectations of some investors regarding the current Bitcoin price. However, such high-leverage operations also carry significant risks, as even minor changes in market trends can have a substantial impact on holdings. Investors are closely monitoring the subsequent developments of this large short order and its potential impact on overall market sentiment.