An address "conceded defeat" and closed its short Bitcoin position, incurring a loss of $3.2 million.
TL;DR
An address closed its Bitcoin short position with a $3.2 million loss, while another holds a long position with over $2.5 million in unrealized profits, highlighting a battle between bulls and bears.
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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