Whale Don Increase BTC Shorts to $118M wit 40x Leverage
On-chain data show say one big whale don dey liquidate im Bitcoin short position multiple times, reducing im exposure from over $43M before e start open high-leverage short positions again. The whale later increase im Bitcoin short position by $26M, bring total BTC shorts to $118M with 40x leverage. Dis dey show say bearish sentiment dey increase and e dey raise risk of forced liquidation, wey fit make market get more wahala (volatility). Traders suppose dey watch open interest, funding rates, and liquidation levels well well and dem for use strong risk management strategies as price fit still swing.
Bearish
Di whale dem get plenti big-big Bitcoin short position wey get high leverage show say dem get strong bearish mind, e dey push price down. Di risk say dem go force liquidate don increase, dis fit make market dey more volatile plus e fit make price quick quick dey waka up and down—both no good for people wey dey hope price go rise. For short term, if price drop more, dis short exposure fit make price drop faster, but if dem liquidate one after di oda, e fit cause sudden price jump back. For long term, di strong bearish feeling plus high leverage show say market go still dey volatile, so e important make person manage risk well well.