Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days

A Bitcoin whale has closed over half a billion in short positions, betting on Bitcoin price’s decline ahead of the much-awaited Federal Open Market Committee (FOMC) meeting this week.A large crypto investor, or whale, made nearly $10 million profit after closing a 40x leverage short position for 6,210 Bitcoin (BTC) — worth over $516 million — which functions as a de facto bet on Bitcoin’s... source: https://cointelegraph.com/news/whale-516m-40x-bitcoin-short-9-4-m-8-days?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound