BTC Whale's Short Position Continues to Bleed After Latest Price Spike

A prominent Bitcoin whale has continued to face losses on their short position in BTC. The investor had previously cut another 200 BTC on the latest bounce, resulting in a $243,000 loss and bringing total realized losses to $1.81 million.

With a remaining position of 312 BTC worth around $20.2 million now sitting underwater by $368,000, liquidation is possible if the price falls below $65,078 after a brief spike above $65,000.

The current price action at $64,815.69 has pushed beyond the upper Bollinger Band resistance of $64,824.7 and the RSI(14) indicator signals overbought conditions within a bullish EMA structure.