Whale Realizes $146K Loss on 40x BTC Short as Stop-Losses Trigger

A whale cut $13M of a 40x leveraged BTC short position after stops triggered, booking a $146K loss while maintaining a $90.5M exposure.

Woofun AI reports that a whale initiated a 40x leveraged short on 1,600 BTC, valued at $102 million, with a liquidation threshold of $64,889. The entity established stop-loss orders ranging from $64,885 to $68,254 in 50 BTC increments. As BTC recovered to $65,000 at 4 AM, four orders executed, reducing the position by 200 BTC worth $13 million and realizing a $146,000 loss. The remaining short position stands at 1,400 BTC, valued at $90.54 million, with an updated liquidation price of $64,998.