Whale Address Opens $34.3M BTC Short at 40x Leverage Near $65,270

Address 0x94d opened a 40x leveraged BTC short position near $65,270 on Feb. 28 and added to it at 6:00 that day, bringing total short exposure to $34.3 million with an average entry of $65,300 and a liquidation price of $84,200, Coinbob data cited by BlockBeats show. The position currently shows an unrealized loss of about $230,000 (27%). The same address holds the largest on-chain short positions in both BTC and DASH, with its DASH short—after being reduced by more than half—still showing a $4.1 million paper profit (581%) at an average price of $71.3.