On-chain Monitoring: 1,600 BTC short traders liquidated another 500 BTC, incurring losses of over $1.5 million
2026-08-07 21:30:59
According to CoinMeta, as monitored by Lookonchain, a trader holding a 1600 BTC short position closed another 500 BTC positions in order to avoid liquidation, worth approximately $32.58 million. The trader's total losses have now exceeded $1.5 million, with the current position being 900 BTC worth about $58.6 million, and the new liquidation price is $64,998.73.
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