Whale opens $30M 40x BTC short — liquidation sits at $78,586.

On-chain data shows wallet 0x8cA3 has opened a 40x leveraged short on 390.88 BTC, worth roughly $29.96 million at entry. The position carries a liquidation price of $78,586.38 — meaning any sustained move above that level forces an automatic close.

At 40x leverage, the margin for error is razor-thin. A move of just 2.5% against the position triggers liquidation, making this one of the more aggressive directional bets visible on-chain right now. Whether it reads as informed conviction or high-risk speculation, the size is large enough to watch.

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Aggregated from Lookonchain · Verified · Last refreshed 14d ago

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Lookonchain ✓ @lookonchain · 14d ago

Gambler 0x8cA3 just opened a 40x short on 390.88 $BTC($29.96M), with a liquidation price of $78,586.38. https://t.co/hlGKHgF8mM https://t.co/mDczP6jvRh

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