BTC Trader: Short Nets $12.2M After $2.87M Stop

BTC trader @Jason60704294 flipped a prior $2.867 million stop-out into a $12.225 million floating profit on the short opened at $80837.9.

The position size reached 501.65 BTC worth roughly $40.55 million, with community chatter linking a larger 2355 BTC Binance short near the same level to the same account.

Price action on the 4h chart shows BTC trading inside the Bollinger band at $76766.04, pressing against lower support at $76247.07 while the EMA50 resistance at $78861.65 and EMA200 at $77370.92 cap any bounce; the MACD death cross at -785.32 and RSI at 35.47 confirm sustained downside pressure that favors continuation toward the lower band before relief.