Two major whales place large bets on bitcoin's price movement, taking opposing long and short positions against each other

According to Jinse Finance, monitored by Lookonchain, a whale "0x50b3" opened a 20x leveraged long position on bitcoin, with a position value of $27.5 million, an entry price of $89,642.7, and a liquidation price of $83,385. Another whale "0x9311" simultaneously opened a 40x leveraged short position on bitcoin, with a position value of $20 million, an entry price of $89,502.7, and a liquidation price of $95,114.