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Trader 0xc3ed was liquidated 4 times within 14 hours, resulting in the liquidation of 375.8 BTC in short positions.
Trader liquidated 4 times in 14 hours, with 375.8 BTC short positions liquidated
PANews reported on September 22 that, according to Lookonchain monitoring, as BTC rose, trader 0xc3ed suffered 4 liquidations in just 14 hours, with a total of 375.8 BTC (valued at 32.55 million USD) in short positions being liquidated.
Source: https://www.panewslab.com/zh/articles/01a0c6d9-cc0b-7418-ae62-39a367a4f0fb
PANews stated the news was published on September 22.
The news cited Lookonchain monitoring.
Trader 0xc3ed suffered 4 liquidations within 14 hours.
The total liquidated short positions amounted to 375.8 BTC, valued at 32.55 million USD according to the text.
The original report states that BTC was rising when the event occurred.
The following is analysis, separate from reported facts. Verify important claims independently.
The trader held a short position on BTC; the original report states that after BTC rose, the position was liquidated multiple times and cleared by the system within 14 hours.
This news highlights the liquidation risks faced by short positions during BTC price increases, noting the significant scale of the liquidations involved.
Beginners should understand that shorting does not imply limited risk; positions may be forcibly closed when prices move in the opposite direction.
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