Update on that $102M short against Bitcoin. The fresh wallet that opened a 1,600 BTC short at 40x, entry ~$64,202, with liquidation sitting just ~$687 away? That gap did exactly what a 40x gap does. BTC ticked up and the position came apart: hours spent closing the short 50 BTC at a time, into a rising market then the tail got force-liquidated: 160 BTC at $64,325, another 128 BTC at $64,571(The Data Nerd)