Four Traders Build $343M Bitcoin Short Position as BTC Dips Below $64K

Four traders have increased their bearish bets on Bitcoin, holding combined short positions totaling 5,375 BTC, valued at about $343 million, according to blockchain analytics platform Lookonchain.

The positions carry liquidation prices of $64,576.56, $64,101.12, $66,006.80, and $66,030.04.

The aggressive short positioning comes as Bitcoin fell below the $64,000 mark. As of this writing, BTC is trading at $63,962, down 46.4% over the past year.

Source: Lookonchain