BTC short of $61.4 million opened using 20x leverage, Carl Runefelt reveals

BTC short of $61.4 million opened using 20x leverage, Carl Runefelt reveals
BTC short opened at $61.4 million

Carl Runefelt reports that someone has initiated a BTC short position worth $61,400,000 using 20x leverage. The liquidation price for this trade is set at $85,129.

Runefelt raises the question of whether this sizable position reflects insider knowledge or a high-risk gamble.

Runefelt previously noted that BTC has CME gaps at $84,000 and $67,000, which could result in significant liquidations if filled, according to a recent analysis. He also reported on Iran's currency collapse, stating that $710 now qualifies as billionaire status in the country. These market snapshots provide additional context for Runefelt's focus on large, high-risk trades.

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