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

BTC

BTC/USDT

$62,675.12

-2.95%

$62,675.12

-2.95%

(24s)

24h Volume

$19,005,628,429.78

24h H/L

$64,605.40 / $62,272.07

Change: $2,333.33 (3.75%)

Long/Short

66.1%

Long: 66.1%Short: 33.9%

Funding Rate

-0.0021%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,654.57

▼ -0.48%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,790.26

Resistance 1$62,971.83

Price$62,654.57

Support 1$61,914.37

Support 2$60,472.98

Support 3$59,130.91

Pivot (PP):$62,717.25

Trend:Downtrend

RSI (14):34.2

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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