A certain whale once again liquidates a 40x leveraged BTC short position, with the liquidation price indicating their bearish view that BTC will not rise to $70,600.

BlockBeats News, March 12, According to Hyperinsight monitoring, in the past half an hour, during the short-term surge of over $70,000 in BTC, the whale starting with 0xcbd continued to unwind its 40x leveraged BTC short position, further increasing its holdings by approximately 23.3 BTC (about $1.6 million). After this round of additional positions, its position size has reached $3.12 million, with an average entry price of $69,556. The current floating loss is 16%, and the position was opened 3 hours ago.

At the same time, the address has placed take-profit orders in the $69,200 to $69,450 range, planning to unwind its position in batches within that price range. Its liquidation price is currently set at $70,637.