Being "hunted" on X.A group of traders is publicly tracking this whale’s position and trying to push Bitcoin’s price up to force their liquidation.
Being "hunted" on X.A group of traders is publicly tracking this whale’s position and trying to push Bitcoin’s price up to force their liquidation.
Shorting Bitcoin: This means they are betting that Bitcoin’s price will go down. If it does, they profit; if it goes up, they risk losing money.
Shorting Bitcoin: This means they are betting that Bitcoin’s price will go down. If it does, they profit; if it goes up, they risk losing money.
This means that a high-stakes cryptocurrency trader, referred to as a whale (someone who makes large trades that can impact the market), has placed a $380 million short position on Bitcoin with 40x leverage.
This means that a high-stakes cryptocurrency trader, referred to as a whale (someone who makes large trades that can impact the market), has placed a $380 million short position on Bitcoin with 40x leverage.