An address "conceded defeat" and closed its short Bitcoin position, incurring a loss of $3.2 million.

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On December 3, according to lookonchain monitoring, address 0x4321 conceded defeat—closing his Bitcoin short position and incurring a loss of $3.2 million.
Meanwhile, address 0xfB66 is still holding onto his Bitcoin long positions, which currently have over $2.5 million in unrealized profits.

Yesterday, two new wallet addresses were embroiled in a battle between bulls and bears:


• 0xfB66 opened a long position with 15x leverage:
Position: 300 BTC (US$25.9 million)
Opening price: $84,736.9; Profit/Loss at the time (PNL): +$505,000; Liquidation price: $72,424

• 0x4321 opened a short position with 20x leverage:
Position: 447.38 BTC ($38.67 million)
Opening price: $86,373.6; Profit/Loss at the time (PNL): -$33,700; Liquidation price: $92,884

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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