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A trader challenges the market with massive leverage on Bitcoin
On January 26th, the renowned trader nicknamed ‘God of War’ launched a bold bearish strategy on Bitcoin by deploying a 40x leverage on a short position of 57 BTC. This operation illustrates the growing trend among traders to use high leverage to amplify their potential returns, despite the inherent risks.
Short Position Strategy with 40x Multiplier
According to on-chain analysis conducted by BlockBeats, the average entry price for this short position was $87,716.9. Currently, the trader’s portfolio maintains a profitable position, while Bitcoin is trading around $69,410, reflecting a significant decline since the strategy was launched. This divergence between the initial entry price and the current price highlights how highly leveraged short positions can remain profitable even in a price correction context.
A Remarkable Record: 97.6% Success Rate
The full account history reveals an exceptional performance. Out of 207 executed trades, only five resulted in a total loss of $5,195.36. The remaining 202 trades generated gains, leading to a total account profit of $447,800. This impressive success rate—exceeding 97%—demonstrates the trader’s mastery in managing leverage and selecting optimal entry points.
This performance illustrates how strategic use of leverage, combined with disciplined risk management and solid on-chain analysis, can turn short positions into opportunities for significant returns on Bitcoin.