BTC Short Positions Leveraged 20x by Major Bearish Trader

On April 28, a significant bearish trader on the Bitcoin blockchain initiated a 20x leveraged short position involving 300 BTC. According to BlockBeats On-chain Detection, the position is valued at approximately $23 million, with an average price of $76,612 per BTC. The trader, identified by the address 0x004, has been consistently opening short positions since the beginning of the month, totaling 16 times. Currently, nine consecutive positions have been profitable, with an average holding duration of about 21 hours.