Bitcoin’s price is hovering around $61,700, a slight decline from the day before, while the fear‑greed meter sits in the extreme‑fear zone. In this environment a whale has placed a hefty $70 million bet on a recovery for both BTC and Solana, hoping the market will bounce back after the recent pullback. The catch? The whale’s strategy relies on a high‑leverage short position that could implode if the price starts to climb, sparking a short‑squeeze that would drive the price even higher.
For everyday traders, the lesson is that large, leveraged bets can amplify volatility