9 Million Dollar BTC Short Loss!
A 20x leveraged short position on BTC was opened at $93,210, but with BTC climbing to $108,355, the unrealized loss has ballooned to over $9.2 million.
Portfolio Value: ~$23.6M
PnL (30D): -$6.2M
PnL (7D): -$1.5M
PnL (24H): +$412K
Despite a sharp drawdown, there’s been a minor rebound in the past 24 hours.
But is this just a relief bounce?
👉 Will this position survive? Or are we witnessing a slow-motion liquidation?
Drop your thoughts ⬇️
