A trader put $10.6 million into Bitcoin and is now down $197,000

The position is starting to turn against him, but the real danger isn’t the current loss

The liquidation price is at $81, 750

which means that Bitcoin’s next move could be crucial for this position

If the decline continues, liquidation is rapidly approaching

$10.6 million in a single trade now every $1,000 in Bitcoin could make a huge difference