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

BTC

BTC/USDT

$65,707.93

+0.32%

$65,707.93

+0.32%

(24s)

24h Volume

$23,298,561,101.23

24h H/L

$66,025.52 / $63,030.00

Change: $2,995.52 (4.75%)

Long/Short

70.9%

Long: 70.9%Short: 29.1%

Funding Rate

-0.0012%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,274.58

▼ -0.91%

Volume (24h): -

Resistance Levels

Resistance 3$70,602.61

Resistance 2$68,166.32

Resistance 1$65,872.10

Price$65,274.58

Support 1$64,283.09

Support 2$62,510.28

Support 3$60,000.00

Pivot (PP):$64,776.70

Trend:Downtrend

RSI (14):37.3

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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