Jason60704294: Closes $6.25M BTC Short at Loss

Jason60704294 opened an 83.866 BTC 5x short at $74553.27 worth $6.25 million on Binance before closing the position with a $6.283 million loss.

The trader had previously booked $13.04 million on the long side, leaving a $6.76 million net profit across the two trades in 24 hours.

With BTC price at $74583.86 testing upper Bollinger resistance at $75078.09 while RSI(14) flashes overbought at 92.34, a healthy retracement toward the EMA50 support at $66308.98 appears probable before any further continuation in this leveraged short position setup.