Bitcoin Trader Down $4.56M Opens New $23M Short on 300 BTC

A wallet tracked by onchain analysts opened its 15th bitcoin short in five days on August 24, a 40x leveraged bet on 300 BTC worth roughly $23.13 million, after 14 straight losing trades wiped out a combined $4.56 million. An Embarrassing Losing Streak Deepens Further The wallet (identified as bowen1476) opened its 15th short position […]