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An anonymous whale is holding a 500 BTC short position and has placed an additional 300 BTC short order, which would push the total position above $50 million if fully filled, according to on-chain analyst ai_9684xtpa.
The current position is a roughly $35.75 million 20x BTC short with an entry price of $70,892.7. The additional order, worth about $21.65 million, is placed in the $71,800-$72,500 range.