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Bitcoin Trader Down $4.56M Opens New $23M Short on 300 BTC

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A wallet tracked by onchain analysts opened its 15th bitcoin short in five days on August 24, a 40x leveraged bet on 300 BTC worth roughly $23.13 million, after 14 straight losing trades wiped out a combined $4.56 million. An Embarrassing L…

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Bitcoin Trader Down $4.56M Opens New $23M Short on 300 BTC
Bitcoin.com News 2h ago

Bitcoin Trader Down $4.56M Opens New $23M Short on 300 BTC

A wallet tracked by onchain analysts opened its 15th bitcoin short in five days on August 24, a 40x leveraged bet on 300 BTC worth roughly $23.13 million, after 14 straight losing trades wiped out a combined $4.56 million. An Embarrassing L…