BTC rebounded above 78000 USD, and trader 0x4b62 had their short positions liquidated 6 times within 2 hours.
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After BTC rebounded above 78000 USD, trader 0x4b62 had 6 short positions liquidated within 2 hours.
Article
BTC rebounds above 78000 USD, with a trader liquidated 6 times in 2 hours
BlockBeats News, November 4: According to Lookonchain monitoring, as BTC rebounded above 78000 USD, trader 0x4b62 had his BTC short positions liquidated 6 times in the past 2 hours, totaling 199.83 BTC worth approximately 15450000 USD. Currently, the trader still holds short positions of 70.99 BTC, valued at about 5500000 USD, with a new liquidation price of 78,192.79 USD.
Original link https://m.theblockbeats.info/flash/375433
Key points
01
BlockBeats reports that on November 4, according to Lookonchain monitoring, BTC rebounded above 78000 USD.
02
Trader 0x4b62 had 6 BTC short positions liquidated in the past 2 hours.
03
A total of 199.83 BTC have been liquidated, worth approximately 15450000 USD.
04
The trader still holds 70.99 BTC short positions, worth about 5500000 USD.
05
The new liquidation price for the remaining short positions is 78,192.79 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This trader bet on BTC falling, but after BTC rebounded, his short positions were forcibly liquidated 6 times in a row within 2 hours. A portion of the short position is still open, with a new liquidation price.
Why it matters to readers
The event shows that during the BTC rebound, the trader's leveraged short positions faced consecutive liquidations; his remaining 70.99 BTC short position and the 78,192.79 USD liquidation price are still worth watching.
Beginners can use this to understand the liquidation risk of leveraged shorting: when the price moves in the opposite direction of the position, the position may be forcibly liquidated.
Risks and unknowns
The news was reported by BlockBeats citing Lookonchain monitoring, and the original text did not provide on-chain transaction details.
It is not possible to judge the overall BTC market trend based on one trader's position alone.
The original text did not disclose the trader's true identity.
It is unclear whether the remaining short position will be liquidated later.
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Related concepts
Short Position
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