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Traders open 40x leverage short positions on BTC worth $112 million.
According to a report from a Crypto Assets monitoring account, a trader has entered a short positions on Bitcoin, using 40x margin trading. This transaction involves 1038.71 Bitcoin, with a total value of approximately $112 million. The trader's entry price was $107,711.1, and if the Bitcoin price rises to $149,100, this position will face liquidation risks. This high leverage trading reflects the current speculative nature of the Crypto Assets market, while also highlighting the associated risks.