40x Leverage Whale 'WhaleJumping': Opens $12M BTC Short, Quickly Switches to Long After Small Loss

BlockBeats News, March 24th, according to Hyperinsight monitoring, “0x93115” starting whale opened a short position with 40x leverage 19 minutes ago for 176 BTC (worth about $12.4827 million). After a small loss of $7,000, the whale quickly switched to a long position and opened a 190 BTC (about $13 million) long position with the same leverage. Average entry price was $70,963.6, liquidation price was $67,599. The whale has frequently opened high-leverage BTC contracts in the past, with an overall recent account loss of about $8.5 million.