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Just spotted some serious bearish conviction on a decentralized perps platform - one of their profit leaders added another $33.11K short on $BTC at the $101,878 mark.
This whale's now sitting on a massive $10.75M short position with an average entry around $102,345.90. The risk? They're staring down a liquidation trigger at $112,639.91.
That's roughly a 10% move away from current levels before their entire position gets wiped. Bold bet or reckless timing? Market's about to tell us.