According to @lookonchain, wallet 0x0ddf9 closed a 1,000 BTC short at a $1.6M loss and then opened a $91M 3x long on 1,000 BTC with a liquidation price at $59,112, source: @lookonchain. These position details confirm a major directional flip by a large trader and define $59,112 as the key liquidation level for this leveraged long, source: @lookonchain.