Bitcoin Whale’s Short Position Bleeds: 16th Consecutive Loss, $5.25M Down in a Month

BitcoinWorld Bitcoin Whale’s Short Position Bleeds: 16th Consecutive Loss, $5.25M Down in a Month A Bitcoin whale who opened a $38.07 million short position with 20x leverage has cut the trade after roughly 60 hours, locking in a $288,000 loss.

According to on-chain analyst ai_9684xtpa, this marks the whale’s 16th consecutive loss since switching to short positions on Aug. 19. Cumulative losses over the past month are estimated at about $5.25 million.

Background: The Whale’s Losing Streak The whale’s recent activity highlights the risks of high-leverage trading in volatile crypto markets. Since mid-August, the trader has consistently opened short positions, expecting Bitcoin’s price to decline.

However, the market has moved against them, resulting in a series of losses. The latest trade, a $38.07 million short with 20x leverage, was closed after only 60 hours, reflecting a quick exit to minimize further damage.