Bitcoin: 9 Consecutive Profitable Trades Liquidated, $1.78M Loss on a 40x Leveraged 500 BTC Short

BTC

BTC/USDT

$95,691.69

-0.89%

$95,691.69

-0.89%

(24s)

24h Volume

$23,430,404,439.32

24h H/L

$97,193.34 / $95,134.48

Change: $2,058.86 (2.16%)

Long/Short

57.4%

Long: 57.4%Short: 42.6%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$95,691.70

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$107,274.70

Resistance 2$102,181.47

Resistance 1$97,033.03

Price$95,691.70

Support 1$95,503.07

Support 2$92,927.91

Support 3$91,475.27

Pivot (PP):$95,696.89

Trend:Uptrend

RSI (14):64.3

COINOTAG News reported, citing LookIntoChain monitoring on December 2, that nine consecutive profitable traders were liquidated after a high-leverage move on BTC. The exposure centered on a 500 BTC short positioned at 40x leverage, which was closed as market dynamics shifted.

Despite nine straight winning trades totaling about $2.12 million in gross profits, the 40x short unwind yielded a loss of over $1.78 million, nearly erasing prior gains. The episode underscores the perils of extreme leverage and highlights the necessity of rigorous risk management in crypto trading.

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