A trader closed a $56.68 million bitcoin short position at a loss, losing $1.94 million.
BlockBeats news, on May 5, according to monitoring by Lookonchain, a trader closed a $56.68 million Bitcoin short position one hour ago, incurring a loss of $1.94 million.
In addition, the trader had previously shorted Bitcoin 11 times, with a total profit of $1.71 million. This loss wiped out all profits from those 11 trades.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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