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BTC fell below 85,000, and large investors with 20x leverage in short positions made a profit of 60 million USD.
[Coin World] BTC just fell below 85,000 dollars, and someone went for it.
This “ultimate bear” is shorting with 20x leverage, and now the paper profit has soared to over 30 million dollars. Even more astonishingly, just from the funding rate, they have raked in over 9.4 million.
He has already secured 17.23 million dollars in this position, and with the unrealized gains, the total profit has directly surpassed the 60 million dollar mark.
When the market is falling, there are always people counting money in the dark. This wave of operations can be described as a textbook-level reverse harvesting.