Odaily Planet Daily reported, according to monitoring by @lookonchain, a trader was liquidated due to a rebound in BTC prices, resulting in a loss of 1,057 BTC, which is approximately $111 million at current prices.
It is noteworthy that this address was still in profit less than a day ago, with unrealized gains of $3.4 million, but was quickly reversed and liquidated, ultimately expanding the loss to $3.54 million, turning a profit into a significant loss.