On January 12, an on-chain address labeled “30 Times Long Attempts” (0x8d0E) rapidly built a large BTC short position.
The trader:
Opened an initial 69.34 BTC short at around $91,091.7.
Added 31.56 BTC roughly 4 minutes later as BTC price fell.
After rolling the position:
Total short size: ~$9.16 million
Average entry price: ~$91,022.30
Floating profit: ~$28,900
Liquidation price: ~$146,687.61
Historical Context
Since October 11, this address has been known for frequent intraday long trades (30+ attempts by December).
Those long attempts were mostly unprofitable, with repeated losses outweighing small gains.
Key Takeaways
🔄 Strategy shift: A trader historically biased toward losing long trades is now aggressively shorting BTC.
⚡ High conviction move: Rapid position expansion suggests strong short-term bearish conviction.
⚠️ Risk still elevated: Despite current profit, the very high liquidation price implies heavy leverage and exposure to sharp reversals.
🧠 Sentiment signal, not confirmation: While notable, one trader’s activity should be viewed as a sentiment indicator, not a standalone market signal.
#USNonFarmPayrollReport #USJobsData #CPIWatch #BTCVSGOLD #StrategyBTCPurchase