Bitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC

A Bitcoin whale is betting hundreds of millions of dollars on a short-term decline in Bitcoin’s price ahead of a pivotal week filled with key economic reports that could significantly influence its trajectory and investor risk appetite.A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin (BTC) —worth over $368 million — which functions as a de facto bet on Bitcoin’s price fall.Leveraged positions use borrowed money to increase the size of an investment…
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