BlockBeats News, July 16th. After more than 20 days of silence, a major whale today executed the largest-scale BTC new short position. At 5:00 today, the address opened a total of 1340 positions within about 20 minutes, trading 706.8 BTC in the price range of $64,900 to $64,997, with an average entry price of $64,939.

At the time of writing, BTC is trading at around $64,590. The address currently holds a 5x leveraged BTC short position, with a position value of approximately $45.687 million, a floating profit of around $240,000, a return rate of about 2.5%, and a liquidation price of around $76,989.

The address has set up two levels of stop-profit orders for the entire short position:

If BTC falls below $63,500: Buy back 353.5 BTC, triggering an amount of around $22.4473 million;

If BTC falls below $62,000: Buy back 353.5 BTC, triggering an amount of around $21.917 million.

Both levels cover the entire short position. Since both orders are set as reduce-only, even if the quantity slightly exceeds the current position, only the short position will be liquidated, without switching to a long position.

There is also an open order showing its target stop-loss price. The address has set a full position stop-loss at $65,500, about 1.4% above the current price, only $560 higher than the average entry price. If BTC rises back above $65,500, this short position will trigger a market liquidation.

Address: 0xebe837cd345469cbc5d6e1fd3d15ee5079ac885f