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Straight-up max leverage adrenaline… Wallet 0xedf…8fc0b is running a 40x short on 650 $BTC , a position worth about $46M -- opened around $70,520. And yup… it’s already getting uncomfortable.
Right now, he’s sitting on a floating loss of over $330K, and the danger zone is really close — liquidation is sitting around $71,712. That’s barely any room when you’re this leveraged… one sharp push up and it’s game over.
But to be fair, this isn’t completely reckless -- there’s at least some structure behind it. He’s set a stop-loss starting above $71,300, so trying to cut before full liquidation, and on the flip side, taking profit gradually from $69,500 if the move goes his way.
Still though… 40x is 40x. Even with a plan, it’s basically walking a tightrope with no safety net.
note: you can find his open order's details in the below attached image.
address: 0xedf2b293d5b358f17330c8412e0be36feaa8fc0b