Bitcoin's (BTC) price swoon is marked by a veteran trader placing a bearish bet worth millions of dollars. A bitcoin “OG” placed a leveraged short of 3,600 BTC, valued at $438 million, on the decentralized exchange Hyperliquid during overnight trading, as BTC’s spot price briefly dipped below $120,000, according to blockchain analyst LookOnChain. The liquidation price for the short trade is $139,900. In other words, this is the level at which the position will encounter a margin shortage and risk being f ...

Market Trends - Perpetual funding rates reveal interesting trends for top altcoins [1] - $BTC kicks off the seasonally weak third quarter on a dull note [1]