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On-chain surprise: $64 million BTC long vs short showdown: 15x vs 20x, who gets liquidated first?
[Coin World] On December 2nd, an interesting long and short battle occurred on-chain. A whale wallet 0xfB66 opened a 15x long order at the position of $84,736.9, directly sweeping in 300 BTC, worth approximately $25.9 million. Now this order has unrealized gains of $505,000, with the liquidation line set at $72,424.
On the other side, Wallet 0x4321 is playing even harder - with a 20x leverage short order, they shorted 447.38 BTC at an entry price of $86,373.6, with a position size reaching $38.67 million. However, this guy is a bit unlucky, currently sitting on a paper loss of $337,000, with the liquidation price stuck at $92,884.
Two new wallets are opening such large opposing orders at the same time, I wonder who will be laughing in the end.