Long

Trader

bullish

Bitcoin

<ul>
 <li>A wallet ended its $BTC short at a $3.2M loss as price reached $93K.</li>
 <li>A $25.9M long position remains open with $2.5M in unrealized profit.</li>
 <li>BTC exchange reserves hit multi-year lows as traders move funds off exchanges. Bitcoin continued its upward momentum, reaching $93,330 after a 7.4% rise in 24 hours, according to CoinGecko. During this price movement, one wallet identified as 0x4321 closed a 20x short position on 447.38 BTC worth $38.67 million. According to Lookonchain, the exit led to a realized loss of $3.2 million. </li>
</ul>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 The long-vs-short battle has its winner. 0x4321 has surrendered — closing his <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BTC</a> short for a $3.2M loss. Meanwhile, 0xfB66 is still holding his <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BTC</a> long, now sitting on over $2.5M in unrealized profit.<a href="https://t.co/Retrri2wOf" rel="noopener noreferrer nofollow">https://t.co/Retrri2wOf</a> <a href="https://t.co/gZxPwhogeY" rel="noopener noreferrer nofollow">pic.twitter.com/gZxPwhogeY</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1996109924242522513?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">December 3, 2025</a>
 </blockquote>
 </div>
</figure>
The opposing wallet, 0xfB66, had opened a 15x long position on 300 BTC valued at $25.9 million. This position remains active with over $2.5 million in unrealized profit.&nbsp;
The long was entered at $84,736.90, with a liquidation price of $72,424, showing resilience as BTC pushed past $93K.
<h2 class="wp-block-heading" id="liquidation-zones-and-exchange-activity">Liquidation Zones and Exchange Activity</h2>
According to Glassnode, “Bitcoin faced a strong rejection at $93,000 last week, but as price attempts to break through this level again today, we’re seeing large short-liquidation clusters forming.” These liquidation zones often indicate stress among short sellers, especially in high-leverage environments.
On-chain data supports the bullish trend. CryptoQuant analyst DarkFrost <a href="https://x.com/Darkfost_Coc/status/1995402260239573370?s=20" rel="noopener noreferrer nofollow">noted</a> that trader capitulation during this cycle often coincides with market bottoms.&nbsp;
<figure class="wp-block-image size-large">
 <img width="1024" height="576" src="https://coincryptonewz.com/wp-content/uploads/2025/12/image-24-1024x576.png" alt="image 24" title="Bitcoin Price Hits $93K as Short Trader Loses $3.2M, Long Profits 3">
</figure>
“Once a large portion has capitulated, that is usually when the opportunity to accumulate becomes interesting,” he added in a recent post.
<h2 class="wp-block-heading" id="exchange-reserves-drop-as-holders-withdraw-btc">Exchange Reserves Drop as Holders Withdraw BTC</h2>
 Bitcoin held on centralized exchanges has dropped to its lowest level in several years. This decline in reserves indicates more users are withdrawing BTC, possibly into cold storage.
Historically, falling exchange <a href="https://coincryptonewz.com/bitcoin-volatility-index-hits-record-lows-as-u-s-unveils-strategic-reserve/" target="_blank" rel="noopener noreferrer nofollow">reserves</a> during a price rally suggest accumulation. As Bitcoin tests the $93,000 level again, trading behavior continues to reflect high volatility, with leverage playing a central role in current market dynamics.
<pre class="wp-block-preformatted">Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.</pre>
&lt;p&gt;The post <a rel="noopener noreferrer nofollow" href="https://coincryptonewz.com/bitcoin-price-hits-93k-as-short-trader-loses-3-2m-long-profits/">Bitcoin Price Hits $93K as Short Trader Loses $3.2M, Long Profits</a> first appeared on <a rel="noopener noreferrer nofollow" href="https://coincryptonewz.com">Coin Crypto Newz</a>.&lt;/p&gt;

Bitcoin Price Hits $93K as Short Trader Loses $3.2M, Long Profits

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