Whale Opens High-Leverage Bitcoin Short Position

A large cryptocurrency holder, identified by the address starting with 0x004, has opened a Bitcoin short position with 33x leverage. According to ChainCatcher, the average price for this position is $70,745, involving 200 BTC. The position currently shows a floating loss of 10%. Earlier today, the same address closed a previous Bitcoin short position at break-even and has now re-entered the market. This marks the fifth time this month that the address has opened a short position.