Binance Trader: Loses $3.46M Shorting 250 BTC

Binance futures trader 韭韭金 topped the 24H/7D/30D loss rankings after closing a 250 BTC short position opened at $63,592 and exited at $77,758.91, booking a $3.46 million loss. The account cited two errors: spot buying at $58,000 then selling at $64,000 and missing the rally, plus adding to the short without a proper stop. BTC now trades at $76,899.47 inside its Bollinger Bands with the upper resistance at $81,800.19. With price testing upper Bollinger resistance at $81,800 while RSI flashes overbought at 78.55, a healthy retracement to the 50-EMA support at $69,321 seems probable before further continuation as the EMA200 sits at $65,631 and MACD holds its golden cross at 3,281.