PANews, citing monitoring, reports that traders were liquidated of 404.86 BTC within 12 hours.

AT A GLANCE

PANews, citing Lookonchain, reported that trader 0x01e2 was liquidated 12 times in the past 6 hours and still holds 143.84 long positions in BTC.

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A trader was liquidated 6 times within 12 hours, with a total of 404.86 BTC liquidated.

PANews November 13 reports that, according to Lookonchain monitoring, trader 0x01e2 was liquidated 6 times in the past 12 hours, totaling 404.86 BTC (28900000 USD) liquidated. They currently still hold a long position of 143.84 BTC (10200000 USD), with a new liquidation price of 70712.57 USD.

Source: https://www.panewslab.com/zh/articles/01a1d295-246a-7164-9c6c-f5559ec0ebf3

Key points

PANews November 13 reports that, according to Lookonchain monitoring, trader 0x01e2 was liquidated 6 times in the past 12 hours.
Reports indicate that a total of 404.86 BTC (28900000 USD) was liquidated.
According to reports, the trader currently still holds a long position of 143.84 BTC (10200000 USD).
According to reports, the new settlement price is 70712.57 USD.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

The report states that a trader’s BTC long position was liquidated 12 times within 6 hours, yet the trader still holds a long position and has a new liquidation price. Liquidation typically refers to the forced closure of a position due to insufficient margin; the figures here come from monitoring cited in the report, and the material does not include records for independent verification.

Why it matters to readers

This news item describes the liquidation and remaining positions of a single trader, but this single piece of information alone is not sufficient to determine the overall BTC market trend.

Beginners should note that a “long position” is a bet on rising prices, and “liquidation” refers to the forced closing of a position; the situation of an individual trader does not equate to the performance of the entire market.

Risks and unknowns

The materials do not provide independently verifiable clearing or position records.
The material does not specify the exact calculation method for the liquidation data.
The material did not provide the market price of BTC at that time, so it is impossible to determine its distance from the new liquidation price of 70712.57 USD.

PANews, citing monitoring, reports that traders were liquidated of 404.86 BTC within 12 hours.

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