{"id":77233,"date":"2026-08-24T19:58:42","date_gmt":"2026-08-24T19:58:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-trader-down-4-56m-opens-new-23m-short-on-300-btc\/"},"modified":"2026-08-24T19:58:42","modified_gmt":"2026-08-24T19:58:42","slug":"bitcoin-trader-down-4-56m-opens-new-23m-short-on-300-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-trader-down-4-56m-opens-new-23m-short-on-300-btc\/","title":{"rendered":"Bitcoin Trader Down $4.56M Opens New $23M Short on 300 BTC"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Trader bowen1476, hasn\u2019t posted a winning short since a 700 BTC trade in May 2026.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin\u2019s 22% weekly rally, tied to Treasury bond buybacks, has squeezed short sellers since August 19.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The new 40x short on 300 BTC needs bitcoin to fall back under its $77,100 entry to turn a profit.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>An Embarrassing Losing Streak Deepens Further<\/h2>\n<p>The wallet (identified as bowen1476) <a href=\"https:\/\/x.com\/lookonchain\/status\/2091749547643113785\" target=\"_blank\" rel=\"noopener noreferrer\">opened its 15th short position against bitcoin and ether in five days<\/a> on August 24, this time a 40x leveraged short on 300 BTC worth roughly $23.13 million. The trader has lost on all 14 previous attempts in that stretch, for a combined $4.56 million in losses.<\/p>\n<figure id=\"attachment_841803\" aria-describedby=\"caption-attachment-841803\" style=\"width:2048px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-841803\" class=\"wp-caption-text\">Bowen1476\u2019s losing BTC shorts<\/figcaption><\/figure>\n<p>The new short lands with bitcoin trading around $77,500, up 22% over the past seven days, meaning the position is fighting one of bitcoin\u2019s strongest rallies since March 2023.<\/p>\n<p>Moreover, it bears mentioning that this is not the wallet\u2019s first appearance in the headlines. Bitcoin.com News reported in May that the same address, then riding a winning streak, closed a <a href=\"https:\/\/news.bitcoin.com\/trader-loses-1-94m-700-btc-short-lookonchain-wipeout\/\">700 BTC short worth $56.68 million<\/a> at a $1.94 million loss, a single bad trade that erased $1.71 million in profits from its previous 11 winning shorts.<\/p>\n<p>Subsequently, in April, the trader opened a 33x leveraged short on 200 BTC worth $14.15 million at an average entry of $70,745, its fifth short position that month alone. On August 19, the same wallet had a separate short liquidated as bitcoin\u2019s rally accelerated, part of a $270 million wipeout of short positions.<\/p>\n<h2>Shorting Into a Treasury-Fueled Rally<\/h2>\n<p>The wallet\u2019s losses have coincided with one of bitcoin\u2019s sharpest rallies in years, triggered, in large part, by the news that the U.S. Treasury <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/bitcoin-jumps-10000-week-shorts-lose-2-7-billion\/\">doubled its long-dated bond buyback<\/a> operations from $2 billion to $4 billion per operation, a move Bernstein strategist Gautam Chhugani said was the strong trigger behind bitcoin\u2019s breakout from a six-week trading range between $60,000 and $65,000.<\/p>\n<p>The resulting short squeeze forced the <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/bitcoin-jumps-10000-week-shorts-lose-2-7-billion\/\">liquidation of more than 172,000 short positions<\/a> and wiped out roughly $3 billion in bearish bets within a single 24-hour window.<\/p>\n<p>President Trump added to the momentum by <a href=\"https:\/\/www.reuters.com\/legal\/government\/bitcoin-crypto-shares-climb-after-trump-pushes-clarity-act-2026-08-20\/\" target=\"_blank\" rel=\"noopener noreferrer\">publicly urging Congress<\/a> to pass the Clarity Act, which would establish clearer federal rules for digital assets. Bitcoin has since touched a seven-day high of $79,500, within reach of the wallet\u2019s newest short entry price near $77,100.<\/p>\n<p>Whether the trader\u2019s 15th attempt breaks the streak depends largely on whether bitcoin\u2019s rally has further to run. Lookonchain data shows the wallet has not closed a winning short since its 700 BTC trade in May, and each new position has been opened at progressively higher prices as bitcoin has climbed.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/bitcoin-short-seller-15th-trade-4-56-million-losses\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Trader bowen1476, hasn\u2019t posted a winning short since a 700 BTC trade in May 2026. Bitcoin\u2019s 22% weekly rally, tied to Treasury bond buybacks, has squeezed short sellers since August 19. The new 40x short on 300 BTC needs bitcoin to fall back under its $77,100 [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":77234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77233"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77233"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77234"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}