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

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

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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