Trading Legend Scores Big with 40x Bitcoin Short Bet
On January 26, data from HyperInsight revealed a major short trade on Bitcoin with 40x leverage, yielding modest unrealized gains for the trader involved.
Analysis of Trading Activity
The associated wallet has completed 207 trades in total, with only 5 transactions resulting in a combined loss of $5,195.36. The remaining 202 trades were closed profitably, bringing the total account profit to $447,800.
- Average Entry Price: $87,716.9
- Short Position Size: 57 BTC
- Leverage Used: 40x
This operation has once again drawn market attention to high-leverage trading strategies. While highly risky, the trader demonstrated exceptional skill and experience in navigating volatile market conditions to secure a win.