A heavyweight player just doubled down on their bearish BTC bet.
The move? Another $14.63K short entered at $103,227.00. Not exactly pocket change, but here's where it gets interesting—this trader's total exposure now sits at a staggering $18.67M short position, with an average entry around $103,326.70.
The risk? They're playing with fire. Liquidation lurks at $210,360.25, which means Bitcoin would need to more than double from current levels before this gamble blows up. Bold conviction or reckless overleveraging?
Either way, someone's betting big that $BTC isn't going to the moon anytime soon. Worth watching how this plays out.
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orphaned_block
· 11-08 08:29
This pro is really going Short.
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GateUser-a606bf0c
· 11-07 17:45
Big players play like this, it's really scary to watch
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PonziDetector
· 11-07 17:37
If I lose on this trade, I might have to sell my house.
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YieldHunter
· 11-06 11:57
technically speaking, this is peak degen behavior smh
Reply0
ContractCollector
· 11-06 11:54
Just go against the short order.
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rugdoc.eth
· 11-06 11:52
No one else plays this big.
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TokenomicsPolice
· 11-06 11:44
No wonder it's about shorting, making such a big deal.
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RektRecorder
· 11-06 11:44
Doing something crazy again with All in.
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gas_fee_therapist
· 11-06 11:38
Gambling addicts don't deserve a good ending.
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DefiEngineerJack
· 11-06 11:37
ser's clearly never heard of kelly criterion... ngmi with that position sizing
A heavyweight player just doubled down on their bearish BTC bet.
The move? Another $14.63K short entered at $103,227.00. Not exactly pocket change, but here's where it gets interesting—this trader's total exposure now sits at a staggering $18.67M short position, with an average entry around $103,326.70.
The risk? They're playing with fire. Liquidation lurks at $210,360.25, which means Bitcoin would need to more than double from current levels before this gamble blows up. Bold conviction or reckless overleveraging?
Either way, someone's betting big that $BTC isn't going to the moon anytime soon. Worth watching how this plays out.