A major whale shorted Bitcoin with 40x leverage, with a position valued at approximately $103 million.

2026-08-05 10:17:46

According to BlockBeats, on August 5th, OnchainDataNerd reported that a new wallet deposited 2.44 million USDC and opened a short position of 1,600 BTC with 40x leverage. The position was worth approximately $102.6 million, with an opening price of approximately $64,202 and a liquidation price of approximately $64,889.

The position is only about $687 away from the liquidation price, leaving very little room for error.

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