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On January 7th, according to on-chain data tracking, a major Bitcoin whale on a certain crypto trading platform suddenly reversed from a long position to a short position after holding a long position for nearly two months. This whale currently holds a short position in Bitcoin with 3x leverage valued at $12.95 million, with an opening average price around $92,739.
The move by large traders from long to short is often seen by the market as an important indicator. Against the backdrop of Bitcoin's continued rise, this contrarian action may indicate market participants' concerns about the future trend. The existence of this massive short position is also currently influencing the market's leverage structure and sentiment dynamics.