Two major on-chain whales bet against each other on BTC’s direction, opening 20x long and 40x short positions respectively

Foresight News reported, according to monitoring by Lookonchain, the address starting with 0x50b3 opened a 20x long position on 307 BTC (worth approximately 27.5 millions USD) at an entry price of $89,642.7, with a liquidation price of $83,385; meanwhile, the address starting with 0x9311 opened a 40x short position on 223.4 BTC (worth approximately 20 millions USD) at an entry price of $89,502.7, with a liquidation price of $95,114.