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A wallet tracked by onchain analysts opened its 15th bitcoin short in five days on August 24, a 40x leveraged bet on 300 BTC worth roughly $23.13 million, after 14 straight losing trades wiped out a combined $4.56 million. An Embarrassing Losing Streak Deepens Further The wallet (identified as bowen1476) opened its 15th short position […]
![[Aggregator] Downloaded image for imported item #22785 Bitcoin Trader Down $4.56M Opens New $23M Short on 300 BTC](https://cryptocounterparty.com/wp-content/uploads/2026/08/bitcoin-trader-down-4-56m-opens-new-23m-short-on-300-btc3_nwmk-768x432-1.jpg)