Bitcoin Whale Faces $13 Million Loss While Maintaining Short Position
- Trader ‘pension-usdt.eth’ holds a short position of 1,000 BTC valued at approximately $81 million using Bitcoin leverage.
- Current BTC price is around $81,000–$82,000, up about 40% from February lows.
- The short position risks liquidation if BTC reaches $100,810.
- The trader also has a short on Ethereum (ETH) worth about $46.1 million, totaling bearish exposure over $127 million.
- Kalshi bettors assign a probability of approximately 50% for Bitcoin to hit $100,000 by the year 2026.
Despite facing significant unrealized losses of nearly $13 million, the trader remains committed to their strategy as Bitcoin approaches key resistance levels around $82,430.
If Bitcoin’s price falls towards the target of approximately $71,500, the trader’s loss could decrease to about $3.5 million.(Source)
