A trader just closed a massive 1000 BTC short worth about 91 million dollars and took a loss of around 1.6 million. Right after that, the same trader flipped and opened a 3x long position on the same 1000 BTC which shows a very aggressive bet on a bounce.

Disclaimer: This is not financial advice. Crypto trading is risky and prices can move fast. Never follow trades blindly and always research properly before investing. Your money, your responsibility.