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Bitcoin Trader Expands Short Position to $210M with Increased Leverage
Gate News bot message, a Bitcoin OG trader has expanded their BTC short position to $210M, doubling the leverage from 10x to 20x.
The current position details include 1,823 BTC with an entry price of $116,812 and a liquidation price of $120,990. The trade has generated $3.8M in profit.
This follows the trader’s previous short position valued at $161M with a reported $6M floating profit, according to Onchain Lens.