Trader 0x4321, who previously incurred a loss of $3.2 million from shorting Bitcoin, has returned to the market after more than two months of inactivity. He has initiated a 10x short position on 99 BTC, valued at $6.7 million, with a liquidation price set at $76,202.53. This move highlights the risks associated with leveraged shorts, especially given Bitcoin’s volatility, which can lead to rapid liquidations during price swings. Such resilience is not uncommon among traders who test their strategies again after experiencing significant losses.
Trader 0x4321 opens 10x short position on 99 Bitcoin worth $6.7M after two-month hiatus
