A highly leveraged wallet tracked as 0x8c96 has seen part of its Bitcoin short position liquidated after BTC briefly moved above $65,000, according to on-chain monitor Lookonchain. The address had previously held a 1,800 BTC short worth about $117 million. Of that total, 360 BTC, valued at roughly $23.36 million, has already been liquidated. The wallet still holds a 1,440 BTC short position worth about $93.3 million. Lookonchain said the new liquidation price for the remaining position is $65,041.72. The update was cited by BlockBeats on Aug. 18 as Bitcoin briefly traded through the $65,000 level.
BlockBeats reported on Aug. 18 that, according to Lookonchain monitoring, a highly leveraged trader wallet identified as 0x8c96 was partially liquidated after Bitcoin briefly broke above $65,000.
The address had previously held a 1,800 BTC short position worth about $117 million. So far, 360 BTC of that short, or about $23.36 million, has been liquidated.
The wallet still holds a 1,440 BTC short position valued at about $93.3 million. The new liquidation price stands at $65,041.72.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
