Bitcoin Trader Closes Short At Nearly $2 Million Loss Ahead Of BTC’s Push To $81,000— Rally Here To Stay?
Posted On May 5, 2026
A trader with a track record of successful bearish calls exited a large Bitcoin (CRYPTO: BTC) short late Monday as the leading cryptocurrency climbed to $81,000.
Traders Exits Before Shorts Get Wrecked
The trader closed a 700 BTC position valued at $56.68 million at the time of reporting, incurring a $1.94 million loss after holding for nearly 70 hours.
This single move erased $1.71 million in profits from their eleven prior successful BTC shorts.
Interestingly, the closure came hours before Bitcoin recaptured $81,000 for the first time since Jan. 31, perhaps in an effort to limit losses and avoid liquidation.
Bitcoin’s spike caught short position traders …
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