Got carried away, the target brother shorted too much
Originally, the target brother shorted 2200 BTC at 71600, and he said in the comments that the stop loss for the short position was at 73000. As a result, last night, BTC rose to 73100, and the target brother did not stop loss, but instead increased the short position, adding 360 BTC to the short.
Now the target brother is shorting 2560 BTC at 71500.
He has a short position of 180 million USD in BTC.
While the target brother's floating profit from adding to the position can be understood, is adding to a floating loss really going all out short? That's not good, right?
This week's weekly line will definitely be a bullish line, making it a bit difficult for the target brother to profit from this short position.
Tonight at 20:30, there will be the US CPI data,
Let's see who wins in tonight's long and short battle?