Bitcoin Backtest Estimates 47% of 10x Longs Liquidated Despite Higher 180-Day Close

A Bitcoin backtest estimates that 47% of 10x longs would be liquidated despite a higher 180-day close. The analysis simulated three hypothetical $1,000 Bitcoin positions on Oct. 10, 2025, including a 10x perpetual long and a long paired with a put, showing high liquidation risk.