A large Bitcoin trader using 20x leverage (borrowed exposure magnifying gains and losses) to short $38.07 million in BTC was stopped out after holding the position for 60 hours, losing $288,000. PANews reported the transaction on Aug. 27, citing monitoring by on-chain analyst Ai Yi. The loss was the trader's 16th failed trade since turning bearish on Aug. 19, bringing cumulative losses over nearly one month to $5.25 million.