BTC Trading Battle: Short Position Closes with $3.2M Loss While Long Position Profits

2025-12-03 06:52:26

Gate News bot message, the high-stakes BTC trading battle between two traders has reached a conclusion.

Trader 0x4321 closed their BTC short position, resulting in a $3.2 million loss. The position was initially opened with 447.38 BTC ($38.67M) at $86,373.6 with 20x leverage.

On the other side, trader 0xfB66 maintains their long position of 300 BTC ($25.9M), opened at $84,736.9 with 15x leverage, currently holding unrealized profits exceeding $2.5M. Their position’s liquidation price stands at $72,424.

BTC-1.48%

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GateUser-d02f5f4b

· 12-04 06:20

Bears, come in and tell me—how is the price of $BTC supposed to drop when these mega institutions are buying in? US wealth management channels are opening their doors to BTC and crypto assets. Let’s talk about the institutionalization of crypto assets. Yesterday, besides the big news that US Vanguard Group is now allowing crypto asset ETFs to be traded on its platform, the biggest headline was that the nation’s largest commercial bank, Bank of America, officially recommended that clients allocate up to 4% of their funds to Bitcoin and cryptocurrencies. In fact, banks started making these moves two months ago, but at the time, market volatility meant not many people took notice. 1) Two months ago, in early October, Morgan Stanley announced it was expanding crypto investment channels to all clients and allowing such investments in any type of account, including retirement accounts. Starting October 15, Morgan Stanley wealth management advisors could promote crypto funds to any client. 2) In mid-October, Citibank stated it would launch institutional-grade crypto custody services at the beginning of 2026. 3) JPMorgan also announced around the same time that its clients would soon be able to trade Bitcoin and other cryptocurrencies. $BTC

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BuiHaiDuong

· 12-04 04:23

Why did BTC crash? If not, will it return to the 126k zone?

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WonderfullOfBEAT

· 12-04 04:14

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Risky0123

· 12-04 04:05

$BTC Preparation is everything in trading. We just saw a clean retest at the yearly open, with solid acceptance during NY.

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GateUser-09a0f361

· 12-04 01:16

$BTC Preparation is everything in trading. We just saw a clean retest at the yearly open, with solid acceptance during NY.

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GateUser-e4721264

· 12-04 01:16

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