New Wallet Deposits $4M USDC to Open 30x Leveraged Short on 300 BTC

New Wallet Deposits $4M USDC to Open 30x Leveraged Short on 300 BTC

N
News Editor
2026-08-28 14:51:53
ChainCatcher reports, citing Lookonchain, that a newly created wallet address deposited $4 million in USDC and opened a 30x leveraged short position on 300 BTC. The position is valued at $23.76 million, with a liquidation price of $90,820.04.

On-chain monitor Lookonchain flagged a newly created wallet address that deposited $4 million in USDC and opened a 30x leveraged short position on 300 BTC.

The position is valued at $23.76 million, with a liquidation price of $90,820.04.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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