A cryptocurrency trader opened a large short position with 40 times leverage, covering 400 Bitcoin at an entry price of $83,171.70 each, valuing the position at $33.13 million. The short was initiated on October 8, and as Bitcoin's price dropped 1.68% to $82,805.71, the position showed an unrealized gain of $134,000. This move indicates a strong bearish bet on Bitcoin's near-term price movement.
The crypto trader's 40x short on 400 Bitcoin is notable. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 08, 2026 10:32 WIB: of 50 major cryptocurrencies, 18 rose and 31 fell. SAND rose 8.88% to Rp1.355 with 70% sell orders, EOS gained 8.13% to Rp12.649, and BAT increased 6.19% to Rp1.878 with 96% sell orders.
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