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REDDIT

Bitcoin Whale Gambles With $332 Million Short Position

"In a high-stakes gamble, a Bitcoin whale has initiated a short position of $332 million, facing potential liquidation if Bitcoin’s price surges to $85,000."

"A Bitcoin whale has opened a $332 million short position at an entry price of $84,040, as revealed by data from analytics platform Lookonchain. The position was leveraged 40 times, indicating that the trader borrowed 40 times the initial capital."

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