Evaded: Trader Closes ZEC Long BTC Short at $4.8M Loss

Evaded (@ICanPlug) closed his $ZEC long and $BTC short, booking losses above $4.8M and wiping out prior gains to sit $3.67M in the red overall.

The trader immediately lifted leverage to 30x and initiated a fresh short on 940 BTC valued at $71.4M with liquidation at $78,420.79.

Price action on the 4h chart shows BTC trading inside the Bollinger Bands near the lower band at $75,850.16 while the EMA50 at $77,064.08 and EMA200 at $77,305.48 act as overhead resistance; with RSI at 41.5 and MACD printing a death cross at -161.9, the structure favors further downside pressure toward the lower band before any relief rally materializes, tightening the risk on this oversized short.