When BTC is rising, one address keeps adding short positions all the way up. The cost was $79,470, and now it’s $86,476. 1,320 BTC, 25x leverage—its position is already $112 million, and the unrealized loss is nearing $10 million.
What I’m watching isn’t just how much it’s losing, but those four words: “keep adding to the position.” Even with a short opened at a high level still trapped, it shows he’s treating “it has risen too much” as the reason to short. But price doesn’t owe anyone a pullback.
Ordinary people can do the same. When you see something expensive, your first reaction isn’t why it’s expensive—it’s that it should be falling. Houses are like that; so are coins. But positions won’t stop just because you think it’s expensive.
Today, don’t guess where BTC is headed. Just remind yourself this: if even a $112 million short position can’t wrestle the trend, then the board I “tapped” based on my own instincts should be even lighter.
What I’m watching isn’t just how much it’s losing, but those four words: “keep adding to the position.” Even with a short opened at a high level still trapped, it shows he’s treating “it has risen too much” as the reason to short. But price doesn’t owe anyone a pullback.
Ordinary people can do the same. When you see something expensive, your first reaction isn’t why it’s expensive—it’s that it should be falling. Houses are like that; so are coins. But positions won’t stop just because you think it’s expensive.
Today, don’t guess where BTC is headed. Just remind yourself this: if even a $112 million short position can’t wrestle the trend, then the board I “tapped” based on my own instincts should be even lighter.