A huge Bitcoin investor recently made a risky $368 million bet that Bitcoin's price will fall. This bet, using borrowed money (40x leverage), is in anticipation of a Federal Reserve meeting on March 19th. The investor could lose big if Bitcoin goes up.
- A large investor placed a short bet on Bitcoin.
- This bet is worth $368 million and uses 40x leverage.
- The bet depends on the upcoming Federal Reserve meeting.
- Bitcoin's price is volatile due to economic uncertainty.
| Factor | Details |
|---|---|
| Bet Amount | $368 million |
| Leverage | 40x |
| Initial Bitcoin Price | $84,043 |
| Liquidation Price | $85,592 |
| Key Support Level | $81,000 |
| Potential Drop Level | $76,000 |
