According to on-chain analytics platform Lookonchain (@lookonchain), the trader who previously shorted 1,600 BTC has now closed 500 BTC (approximately $32.58 million) of their short position to avoid liquidation. Their remaining position is 900 BTC (approximately $58.6 million), with a new liquidation price of $64,998.73, and their total accumulated loss has exceeded $1.5 million.
Whale Closes 500 BTC Short Position to Avoid Liquidation, Losses Exceed $1.5M
TechFlowShare
Summary
A whale closed 500 BTC (approximately $32.58 million) to avoid liquidation as the BTC price rose, leaving 900 BTC (around $58.6 million) still open. The updated liquidation price is now $64,998.73, with total losses exceeding $1.5 million. Traders are also monitoring altcoins amid shifting market conditions.
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.