Odaily Planet Daily reports, according to on-chain analyst Aunt Ai, a certain address executed a stop-loss on 700 BTC last night at 9 PM, incurring a loss of $624,000; today at 1:33 AM, it added a 30-BTC short position. The address currently holds 930 BTC in short positions, valued at approximately $60.32 million, with an average entry price of $64,213 and a liquidation price of $65,306, remaining unrealized at a loss of $605,000.
Address Suffers $605,000 Loss After Opening 30 BTC Short Position
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Summary
A crypto address liquidated 700 BTC in short positions last night, incurring a $624,000 loss. It later added 30 BTC to its position, bringing its total short exposure to 930 BTC. The average entry price is $64,213, with a liquidation price at $65,306. The unrealized loss remains at $605,000, underscoring the risks of trading without a stop-loss strategy.
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