Bitcoin Trader Expands Short Position to $210M with Increased Leverage

Gate News bot message, a Bitcoin OG trader has expanded their BTC short position to $210M, doubling the leverage from 10x to 20x.

The current position details include 1,823 BTC with an entry price of $116,812 and a liquidation price of $120,990. The trade has generated $3.8M in profit.

This follows the trader's previous short position valued at $161M with a reported $6M floating profit, according to Onchain Lens.

BTC0.67%
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Iam49beatzvip
· 32m ago
bearish on Ethereum again, do you think it can reach the price of 3800? I successfully profited from the last two trades, both executed at market price, and I'm not sure how many frens kept up with my rhythm. If I still can't seize the opportunity this time, it might be time to consider stable employment! $BTC $ETH $BNB
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