Bitcoin
Bitcoin Trader Down $4.56M Opens New $23M Short on 300 BTC
Bitcoin.com News·August 24, 2026·1 min read
A wallet tracked by onchain analysts opened its 15th bitcoin short in five days on August 24, a 40x leveraged bet on 300 BTC worth roughly $23.13 million. The move follows 14 straight losing trades that wiped out a combined $4.56 million, deepening an embarrassing losing streak.
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