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Lookonchain: Trader Turns $106K Into $550K Shorting BTC | Flash News Detail | Blockchain.News
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6/12/2026 1:39:00 AM

Lookonchain: Trader Turns $106K Into $550K Shorting BTC

Lookonchain: Trader Turns $106K Into $550K Shorting BTC

Lookonchain reports trader converts $106K to $550K via 419% BTC short, now holding 344.6 BTC position with $64,080 liquidation amid $63,708 price.

Source

Analysis

Lookonchain tracked a trader who converted $106K into $550K in two days through six BTC trades, posting an 83% win rate and 419% return.

The same address now holds a 344.6 BTC short worth $21.81M with liquidation set at $64,080.

Price sits at $63,708.44 inside the Bollinger Bands while the 50-EMA at $63,749 and 200-EMA at $70,659 define the bearish structure; MACD golden cross at 131.91 supplies bullish momentum against neutral RSI at 56.95, suggesting any test of upper-band resistance near $64,136 likely meets rejection back toward the 50-EMA before continuation. This setup directly informs near-term BTC price prediction models used by institutional desks.


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