Anonymous whale places BTC short bet worth more than $50M

An anonymous whale is holding a 500 BTC short position and has placed an additional 300 BTC short order, which would push the total position above $50 million if fully filled, according to on-chain analyst ai_9684xtpa. The current position is a roughly $35.75 million 20x BTC short with an entry price of $70,892.7 and a liquidation price of $86,954.5. The additional order, worth about $21.65 million, has been placed in the $71,800-$72,500 range.