A Whale Closes Short Position During Bitcoin Surge, Losing Over $1.6 Million
May 8 news, according to Lookonchain monitoring, a whale closed short positions during the Bitcoin surge, losing over $1.6 million. The whale had previously shorted BTC with 11x and 40x leverage. The position size reached $127.7 million, with liquidation prices of $104,600 and $103,470 respectively.
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