$BTC A Trader Who Once Lost $3.2 Million Returns with a $6.7 Million Short. "Revenge" or "Feeding the Fire"?
The crypto community is fixated on the dramatic comeback of a stubborn "bear." After over two months of silence following a painful fall, this trader has reentered the market with a clear vendetta against Bitcoin.
🔸 This trader has a bloody trading history, having burned $3.2 million by stubbornly shorting BTC during the previous price rally .
🔸 Undeterred by past failure, immediately upon his return, whale activated a massive new Short order 99 BTC position value $6.7 million. Currently reduced to 69 BTC as the whale partially cut losses.
🔸 Notably, this order uses 10x leverage. The liquidation price is set at $80,303 . This means if Bitcoin surpasses this price zone, this whale will once again face the tragedy of account liquidation.
Is this a genius "top call" move to recoup past losses, or simply the revenge trading of a desperate gambler defying the market's power?
News is for reference, not investment advice. Please read carefully before making a decision.