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But we saved everything 🙂.
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.