Bitcoin Long vs Short Battle: 0x4321 Closes 20x Short for $3.2M Loss While 0xfB66 Holds $2.5M Unrealized Gains
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News, December 3, citing Lookonchain monitoring, reports that address 0x4321 capitulated on a Bitcoin short position, locking in a $3.2 million loss. In contrast, address 0xfB66 remains positioned in a Bitcoin long, boasting over $2.5 million in unrealized gains.
Within fresh market activity, 0xfB66 opened a 15x leverage long, accumulating 300 BTC — roughly $25.9 million at current prices. Entry was $84,736.90, with a reported realized P&L of +$505,000 and a liquidation price near $72,424.
Subsequently, 0x4321 initiated a 20x leverage short, holding 447.38 BTC valued around $38.67 million. The entry price stood at $86,373.60, with a reported realized P&L of -$33,700 and a liquidation price near $92,884.