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An address "gave up" and closed its Bitcoin short position, incurring a loss of $3.2 million.
On December 3, according to lookonchain monitoring, address 0x4321 has conceded—closing out its Bitcoin short position with a loss of $3.2 million. Meanwhile, address 0xfB66 is still holding onto its Bitcoin long position, currently with over $2.5 million in unrealized profit. Yesterday, two new wallet addresses in the market were engaged in a long-versus-short showdown:
· 0xfB66 opened a 15x leveraged long position: Position: 300 BTC ($25.9 million) Entry price: $84,736.9 PNL at the time: +$505,000 Liquidation price: $72,424
· 0x4321 opened a 20x leveraged short position: Position: 447.38 BTC ($38.67 million) Entry price: $86,373.6 PNL at the time: –$33,700 Liquidation price: $92,884