Bullish
Largest On-Chain BTC Short Position Reaches 2,136 Coins Worth $136M
15:42
Address 0x66f8 accumulates 2,136 BTC shorts valued at $136M, becoming the largest on-chain bearish bet with a liquidation price of $64,595.
Woofun AI data shows that address 0x66f8 has expanded its BTC short exposure to a total of 2,136 coins, representing a market value of approximately $136 million. This accumulation establishes the address as the holder of the largest on-chain BTC short position, with an average entry price of $63,851 and a liquidation threshold set at $64,595.
WOOFUN AI
Impact Assessment · Quick Read
The concentration of such a large short position in a single wallet introduces significant localized liquidation risk if BTC prices approach the $64,595 level. While this represents a substantial bearish bet, the relatively tight spread between entry and liquidation prices suggests high leverage, which could trigger rapid unwinding and volatility in the near term.
Generated by WOOFUN AI · For reference only, not investment advice
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