Two whale traders running 40x cross-margin Bitcoin short positions were pushed closer to liquidation on Oct. 9 as BTC rebounded from around the $81,700 area, according to TradingBeats monitoring cited by BlockBeats. The two positions together account for about $21.62 million in BTC shorts.
One wallet beginning with 0x4b62 opened a short on 101.82 BTC at an average entry of $81,771. The position is valued at about $8.4086 million and was showing an unrealized loss of roughly $82,200. Its liquidation price stood at $82,731.81, only about $153, or 0.19%, above the current market price cited in the report.
The other wallet, starting with 0x1f25, opened a 200 BTC short at an average price of $81,743. The trader was later partially liquidated on 40 BTC, realizing a loss of about $38,500. The wallet still holds a 160 BTC short position worth about $13.2126 million, with an unrealized loss of roughly $133,700. Its liquidation price was listed at $82,959.25, about $380, or 0.46%, above the current price.
Two whale traders using 40x cross-margin leverage to short Bitcoin were pushed closer to liquidation on Oct. 9 as BTC rebounded from around $81,700, according to TradingBeats monitoring cited by BlockBeats. Their combined BTC short exposure stood at about $21.62 million.
One wallet beginning with 0x4b62 opened a short on 101.82 BTC at an average entry price of $81,771. The position was valued at about $8.4086 million and was showing an unrealized loss of roughly $82,200. Its liquidation price was $82,731.81, only about $153, or 0.19%, above the current market price referenced in the report.
The second wallet, beginning with 0x1f25, opened a short on 200 BTC at an average price of $81,743. It was later partially liquidated on 40 BTC, locking in a loss of about $38,500. The wallet still holds a 160 BTC short position worth about $13.2126 million, with an unrealized loss of roughly $133,700. Its liquidation price was listed at $82,959.25, about $380, or 0.46%, above the current price.
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