On-chain tracker EmberCN reported that a whale’s short position of 1,800 BTC was fully liquidated, wiping out $2.92 million in principal. The position was valued at about $125 million. According to the monitoring update, the address opened the short at $63,991. BTC then rebounded, and the entire $125 million position was liquidated over the course of two nights. The report did not identify the trader beyond describing the address as a whale, but it laid out the scale of the loss and the sequence of the liquidation. The case adds another large-position wipeout to recent whale activity being tracked on-chain.
On-chain tracker EmberCN said a whale’s short position of 1,800 BTC was fully liquidated, resulting in the loss of $2.92 million in principal.
The position was worth about $125 million. According to the monitoring update, the address opened the short at $63,991. BTC later rebounded, and the entire $125 million position was liquidated over two nights.
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