An address opened a 1600 BTC short position with 40x leverage, worth approximately $102.6 million.

TechFlow reports, August 5, according to The Data Nerd monitoring, after a newly created address deposited 2.44 million USDC, it established a short position of 1,600 BTC with 40x leverage, with a notional value of approximately $102.6 million and an opening price of around $64,202. Data shows that the liquidation price for this position is approximately $64,889, leaving little room for error.