According to CoinMeta, a whale with a 40x leverage has placed 190 BTC sell orders in the range of $79,654 to $108,888, planning to sell 951.3 BTC, with a notional amount of about $91.787 million and an average weighted order price of around $96,488. The current price of BTC is $77,351, and the sell order range is about 3.0% to 40.8% higher than the current price. This whale currently holds a long position of 94.1 BTC at 40x leverage, valued at about $7.277 million, with an average entry price of $77,330.3. They have reduced their holdings by about 15.3 BTC from the previous 109.4. Of the 951.3 sell orders, only about 10% are intended to close long positions, while the remaining 857.2 will convert into new short positions. If all are executed, the theoretical size of the short position would be about $82.7 million. Meanwhile, this account still has 133.7 BTC buy orders placed at $74,088, valued at about $9.908 million.