Bitcoin whale 'still short' BTC despite facing $13M in losses
Cointelegraph
A prominent Bitcoin trader remains committed to an $81 million short position despite incurring $13 million in unrealized losses as prices rise.Summary
A trader identified as "pension-usdt.eth" maintains a massive short position of 1,000 BTC, currently facing roughly $13 million in unrealized losses. Despite Bitcoin's recent rally, the trader has expressed confidence in the bearish setup, citing historical resistance levels and potential patterns that could lead to a significant price correction. While some analysts argue that current market dynamics have decoupled from past bear cycles, the trader's position faces total liquidation if Bitcoin hits $100,810.
(Source：Cointelegraph)