Odaily Planet Daily reports, according to on-chain analyst Aunt Ai, a large whale shorted $38.07 million worth of BTC with 20x leverage, exited the position after 60 hours with a loss of $288,000 due to a stop-loss. This marks the 16th failed short attempt by the whale since turning bearish on August 19, with total losses exceeding $5.25 million over the past month.
Whale Loses $288,000 in 60-Hour BTC Short Trade, Monthly Losses Reach $5.25M
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Summary
Whale activity trading suffered a major setback as a large holder lost $288,000 on a 60-hour BTC short trade using 20x leverage. The position, worth $38.07 million, is part of a series of 16 failed bearish bets since August 19, with total losses reaching $5.25 million in one month. Value investing in crypto remains challenging as aggressive leveraged strategies continue to backfire amid volatile market conditions.
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