A trader closed a $56.68 million bitcoin short position with a $1.94 million loss.
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Jinse Finance reported that on May 5, according to monitoring by Lookonchain, a certain trader stopped out of their $56.68 million Bitcoin short position an hour ago, incurring a loss of $1.94 million. In addition, the trader had previously shorted Bitcoin 11 times, with a cumulative profit of $1.71 million; this latest loss has wiped out all profits from the previous 11 trades.
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