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An address "surrendered" and closed a Bitcoin short position, losing 3.2 million US dollars

2025.12.03 15:07:52

On December 3rd, blockchain analytics firm Lookonchain reported that address 0x4321 has capitulated—closing its Bitcoin short position with a $3.2 million loss. Meanwhile, address 0xfB66 continues to hold its Bitcoin long position, currently sitting on over $2.5 million in unrealized gains. Earlier this week, two new wallet addresses entered a high-leverage long-short battle: - **Address 0xfB66 (15x leverage long):** Position size: 300 BTC (~$25.9M) Entry price: $84,736.9 Realized P&L: +$505,000 Liquidation price: $72,424 - **Address 0x4321 (20x leverage short):** Position size: 447.38 BTC (~$38.67M) Entry price: $86,373.6 Realized P&L: -$33,700 Liquidation price: $92,884
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