BTC rebound nears liquidation price! Gambler 0x4b62 liquidated 6 times in two hours, with remaining $5.5 million short position hanging by a thread
As BTC staged a strong rebound and broke above $78,000, trader 0x4b62’s short positions were dealt a devastating blow. During the recent rally, the address’s BTC shorts were liquidated 6 times in a row, wiping out a total of 199.83 BTC (about $15.45 million).
Latest status: The address is still stubbornly holding a short position of 70.99 BTC (about $5.5 million). What’s concerning is that its new liquidation price is set at $78,192.79—extremely close to the current market price. Even a slight uptick in BTC could put this final $5.5 million position at risk of a 7th liquidation at any moment.
As BTC staged a strong rebound and broke above $78,000, trader 0x4b62’s short positions were dealt a devastating blow. During the recent rally, the address’s BTC shorts were liquidated 6 times in a row, wiping out a total of 199.83 BTC (about $15.45 million).
Latest status: The address is still stubbornly holding a short position of 70.99 BTC (about $5.5 million). What’s concerning is that its new liquidation price is set at $78,192.79—extremely close to the current market price. Even a slight uptick in BTC could put this final $5.5 million position at risk of a 7th liquidation at any moment.