Bitcoin: $102M Short Trader Nears Liquidation
Bitcoin trader shorted $102M at 40x with entry $64202 faces $900K loss as BTC hits $64785, $100 from full wipeout at $64892.
SourceAnalysis
Bitcoin trader faces near-total wipeout after shorting $102M at 40x leverage with entry at $64202 and liquidation at $64892.
BTC climbed to $64785, leaving the position roughly $900K underwater. Technical confluence shows price testing upper Bollinger resistance at $64942.13 while EMA50 holds at $63870.6 as key support and MACD remains bullish at 259.91 with RSI at 65.81. A healthy retracement toward the 50-EMA support at $63870.6 appears probable before any further continuation in this leveraged setup.
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