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Bitcoin Short Seller Expands Position to $1.39 Billion

A high-accuracy BTC short trader increased holdings to over 1,200 BTC, setting sell and take-profit orders targeting a significant price drop toward $97K–$99K.

BTC

Summary

An address with a 100% win record increased its Bitcoin short holdings to 1,209.36 BTC, valued at approximately $139 million. The trader placed a 22.05 BTC limit sell order in the $115,331–$115,570 range and set profit targets between $97,332 and $98,932. Funding fees from the position have already exceeded $8.35 million.

Terms & Concepts
  • Short Position: A trading strategy where an investor sells an asset they do not own, aiming to buy it back later at a lower price for profit.
  • Funding Fees: Periodic payments exchanged between traders in perpetual futures contracts to keep prices aligned with the spot market.
  • Take-Profit Order: An instruction to sell an asset once it reaches a specified price level, locking in profits.