A large trader (called a “whale”) has opened a massive $71 million short position on $BTC using very high leverage (40x). This means the trader is betting that Bitcoin’s price will go down, and with 40x leverage, even a small price move can lead to huge profit or loss. The liquidation price at $78,903 is very important—if Bitcoin rises to that level, the position will automatically close with a big loss.💸#whale