BREAKING
57d 21h ago

Bitcoin Trader Pension-usdt.eth Takes 3x Short on 1000 BTC; 7-Win Streak Nets $22M Profit on $89.6M Position

BTC

BTC/USDT

$71,354.77
+3.55%
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
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 on December 14, citing LookIntoChain analytics that a seasoned crypto trader operating as pension-usdt.eth shifted from a long to a short stance. The trader initiated a 3x leveraged short on 1000 BTC, with an estimated position value around $89.6 million, reflecting a notable tactical move amid current market volatility.

As of the report, the position has delivered 7 consecutive winning trades, generating profits in excess of $22 million. The data, drawn from on-chain monitoring, suggests disciplined risk management and selective exposure to downside scenarios in Bitcoin markets.

Investors should view this as an illustrative example of high-margin hedges employed by experienced traders rather than a market forecast. The trajectory underscores heightened risk appetite for leveraged bets in BTC while reminding participants of the need for robust risk controls as liquidity and volatility persist.

Share News:
Don't Miss Breaking News