The market heated up early this week: A whale named James Wynn just opened a $1 billion $BTC short position with 40x leverage.

The liquidation price is only 3% away from the current range. If BTC surges to $111k, the likelihood of a short squeeze is extremely high.

Waking up early to drive a motorbike taxi, it’d probably take 1,000 trips to cover the “fee” of this whale, as this is an all-in bet that could “shape market direction.”

BTC

72,196.89

+2.00%