Odaily Planet Daily reports, according to Lookonchain monitoring, the trader who previously established a 1,600-BTC short position has further reduced their position by 500 BTC (approximately $32.58 million) to lower liquidation risk. The trader’s cumulative losses now exceed $1.5 million, with approximately 900 BTC (valued at around $58.6 million) remaining in the short position. Following this reduction, the liquidation price of the short position has risen to approximately $64,998.73.
Large BTC short holder reduces position to avoid liquidation, losses exceed $1.5M
KuCoinFlashShare
Summary
A major Bitcoin short holder has reduced a 500 BTC position (~$32.58M) to manage position size and avoid liquidation. The trader initially opened a 1,600 BTC short and now holds 900 BTC (~$58.6M), with losses exceeding $1.5M. The liquidation price for the remaining position is approximately $64,998.73. Adjusting positions is critical as BTC continues to rise.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.