According to CoinMeta, a trader named "Like Omaha allin.ETH" experienced a forced liquidation on a long gold position, resulting in a loss of approximately $1.27 million. On August 31st, this account opened a long gold position at an average price of $4,422.3, using a leverage of 20 times, with a position size of nearly $2 million. As the price of gold fell, the trader voluntarily reduced the position by 154.20 lots around $4,311, incurring a loss of about $17,200, leaving 298.05 lots. Subsequently, the position was forcibly liquidated by the system at around $4,290.06, resulting in a loss of about $1.279 million, with an additional loss of about $39,400. The total loss from this round of gold trading amounted to approximately $56,600. At the time of publication, this account's gold position had been cleared to zero, but the account still held a long position of xyz : cbrs worth about $187,000, with a cumulative net profit or loss over time of about $308,000.