Trader Opens $43.88M Short Position on 500 BTC With 40x Leverage

A trader opened a short position on 500 BTC worth approximately $43.88 million using 40x leverage on December 2, with a liquidation price of $93,392.53, Lookonchain data show. The trader has completed 9 transactions over the past 11 days, generating $2.12 million in profits with a 100% win rate.