Odaily Planet Daily reports, according to Lookonchain monitoring, a trader (0x004e) previously executed 17 consecutive short positions on BTC and ETH, all resulting in losses totaling $5.3 million. Approximately one hour ago, the trader again shorted BTC and quickly closed the position, realizing a profit of $48,000.
Trader Earns $48,000 from BTC Short After 17 Consecutive Losses
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Summary
A trader (0x004e) recently turned a $48,000 profit from a BTC short position after 17 consecutive losses totaling $5.3 million. The sharp decline in BTC price enabled the trader to close the position swiftly. BTC dominance saw a slight rebound as the move pushed Bitcoin higher relative to altcoins. The win underscores the market’s volatility and the risks inherent in short-term trading.
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