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The "Iron-headed Bears" suffered an unrealized loss of $6.4 million overnight—can buying the dip with 1,500 BTC turn things around?
[Bitpush] This is getting interesting—the “Iron-headed Bear” with the wallet address 0x5D2…9bb7 has finally hit a brick wall.
This guy had shorted BTC four times in a row, but last night Bitcoin suddenly surged, wiping out his 20x leveraged long position down to just 884.4 coins, with the liquidation price stuck at $101,294.8. In a single day, he lost almost $6.4 million on paper—this move is a textbook-level contrarian indicator.
What’s even crazier is that this whale clearly isn’t giving up. Now, he has set three limit orders in the $67,244 to $91,745 range, aiming to buy the dip with 1,500 BTC. Is he really trying to make a comeback, or just giving more gifts to the market? Let’s keep watching.