Bitcoin whale 'still short' BTC despite facing $13M in losses

CoinTelegraph2h agoUpdated 47m ago
Bitcoin whale 'still short' BTC despite facing $13M in losses
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A Bitcoin whale holding a $81 million short position faces $13 million in losses as BTC rebounds 40% from February lows. The trader, pension-usdt.eth, maintains the bet despite risks, with full liquidation occurring at $100,810. Technical analysis suggests potential pullback toward $71,000 could ease losses, while market debate continues over whether current conditions resemble prior bear cycles.

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