Whale “kyoyo” Holds Massive $134M BTC Short Position with 40x Leverage at $108,762 Entry

According to recent data from COINOTAG News on June 12, monitoring by EmberCN reveals that the whale trader known as “kyoyo” has established a significant BTC short position valued at approximately $134 million. This strategic move involves shorting 1,240 BTC with an aggressive 40x leverage, highlighting a high-risk, high-reward trading approach. The entry price for this position was set at $108,762, while the liquidation threshold is positioned at $116,490, indicating a narrow margin for market fluctuations. Such leveraged short positions by major market participants can influence Bitcoin price dynamics and are closely monitored by institutional investors and market analysts for potential impact on market sentiment and volatility.