Trader Maintains Over 2000 BTC Short Position for Five Months
- The trader has held a losing short position of over 2000 BTC for nearly five months.
- Initially opened at $111,386 with a leverage of 20x, the position has seen losses exceed $27 million.
- To avoid liquidation, the trader added $12 million in USDC, lowering the liquidation price to approximately $123,410.
- A further deposit of $15 million adjusted the liquidation threshold to around $130,700.
- Despite a market downturn on October 11 that offered a chance to break even, the trader chose not to close the position.
This case illustrates the complexities and high stakes involved in Bitcoin trading, particularly regarding risk management strategies during volatile market conditions.
The trader’s current liquidation price is approximately $123,263 after multiple funding rounds aimed at managing risk amidst significant losses exceeding $27 million.
