COINOTAG News, December 19, reports, per Onchain Lens monitoring, that a high-profile BTC whale addressed as 0xa8e has established a short position in 1125.2 BTC, using 40x leverage. The notional exposure totals about $99 million.

The liquidation price is identified at $89,130.95 per BTC, highlighting the risk of material mark-to-market volatility if the market moves against the position.

In prior trades, this address incurred losses exceeding $3 million, underscoring the elevated risk of highly leveraged bets in a liquidity-volatile environment. Market participants should monitor on-chain signals and risk controls.