Bitcoin Whale Reverses from 1000 BTC Short to 3x Leveraged Long, Sets $59,112 Liquidation Price

COINOTAG News reported on November 28 that LookIntoChain monitoring identified 0x0ddf9, a widely observed Bitcoin address, shifting from a short to a long position.

The trade closed a 1000 BTC short at roughly $91 million, locking in an approximately $1.6 million loss, before deploying a 3x leveraged long on 1000 BTC with a notional near $91 million and a liquidation price around $59,112.