Whale Reveals $6.83M Profit with 50x Long BTC as New $13.45M BTC Short Position Opens

On March 3rd, COINOTAG reported significant movements from a notable whale identified as @ai_9684xtpa. This entity, previously recognized for their successful 50x Long BTC and ETH strategies which yielded an impressive $6.83 million profit, has now targeted the short side of the market. They have established a substantial $13.45 million BTC short position at an entry price of $93,117.5. With the current liquidation price set at $94,083, the position is presently facing a significant unrealized loss of approximately $60,000. Such fluctuations emphasize the inherent risks associated with high-leverage trading, particularly in the volatile cryptocurrency market, where strategic decisions can lead to swift financial shifts.