BTC Whale Increases Margin by $8.5M Amid $10.96M Losses as Bitcoin Hits New Highs

Mars Finance News reports that a prominent BTC whale, known for consistently shorting Bitcoin, recently injected an additional 3 million USDC as margin collateral, according to on-chain analyst @ai_9684xtpa. This move occurred just 30 minutes ago amid volatile market conditions. Since early morning, the trader has increased margin by a total of $8.5 million to mitigate liquidation risks. Despite Bitcoin’s persistent rally and new price highs, the whale’s substantial $133 million short position is currently facing unrealized losses amounting to $10.96 million. The liquidation threshold is set at a notably high price of $123,691.43, underscoring the significant exposure and risk management strategies employed by large-scale market participants in the crypto space.