A heavyweight player on a certain derivatives platform just added to their BTC short — throwing in another $14.79K at the $103,183 mark.

Here's where it gets interesting: this trader's now sitting on a massive $2.81M short position, with an average entry around $103,298. Not exactly a casual bet.

The liquidation trigger? A brutal $790,354 per BTC. That's when the margin call comes knocking — and at that point, the entire position gets wiped.

High stakes, high conviction. Whether genius or reckless, the market will decide soon enough.