Bitcoin experienced its most impressive weekly rally in three years last week when it surged from under $65,000 to almost $80,000 in the span of less than 48 hours.<\/p>\n
Such explosive moves are typically followed by a sharp retracement as investors tend to secure profits, especially following weeks and months of sideways activity without any major gains.<\/p>\n
BTC has indeed corrected slightly since that three-month high, but remains rather stable at around $77,000. However, one bear continues to believe that a more profound decline is right around the corner.<\/p>\n
Lookonchain shared one major bear\u2019s activity, in which the anonymous trader opened yet another big short (no pun intended). On-chain data showed that the latest position is a 40x short on 300 BTC, currently worth over $23 million.<\/p>\n
What\u2019s particularly interesting is their persistence. Ever since bitcoin started to rally<\/a>, and all alts followed suit, the trader has shorted BTC and ETH 14 times, but to no avail.<\/p>\n The analysts at Lookonchain noted that the bear\u2019s losses so far exceed $4.50 million after losing all 14 shorts in just five days.<\/p>\n This bear is back for his 15th short!<\/p>\n Over the past 5 days, he has shorted $BTC<\/a> and $ETH<\/a> 14 times, losing every single time for a total loss of $4.56M<\/a>.<\/p>\n Now he\u2019s opened a 40x short on 300 $BTC<\/a> ($23.13M).<\/p>\n Can he finally win one?<\/p>\n Wallet:\u2026 pic.twitter.com\/0joLI7Sebw<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) August 24, 2026<\/a><\/p>\n\n The post Bitcoin Bear Gets Burned 14 Times in 5 Days \u2013 Then Opens Another Major Short<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin experienced its most impressive weekly rally in three years last week when it surged from under $65,000 to almost $80,000 in the span of less than 48 hours. Such explosive moves are typically followed by a sharp retracement as investors tend to secure profits, especially following weeks and months of sideways activity without any […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-217426","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/217426"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=217426"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/217426\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=217426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=217426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=217426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}