Bitcoin Margin Trading Under Pressure


At the beginning of March, a derivatives trader on the decentralized perpetual contract exchange Hyperliquid placed a massive bet that Bitcoin would rise from here.

"A huge whale just entered a $42 million BTC long position with 40x leverage," one X account wrote on Sunday. "High risk. High conviction. The market is about to get interesting." These opinions spread across X feeds throughout the morning.
#btc
BTC-1,97%
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