Add as a preferred source on GoogleEther (ETH) Short Sees $6.66 Million Liquidated at $2,409
The position opened at $2,366. Its reported liquidation price later stood $9 above the market price.
A wallet’s Ether (ETH) short saw 2,765 ETH, worth $6.66 million, partially liquidated Sunday as ETH reached $2,409.
The short opened at $2,366 at 11 a.m. ET Sunday (15:00 UTC), when the position was valued at $32.72 million. By 7:30 p.m. ET (23:30 UTC), ETH had reached $2,409 and the partial liquidation had occurred.
At 8:47 p.m. ET Sunday (00:47 UTC Monday, Oct. 19), the remaining short was valued at $26.64 million. Its liquidation price was $2,419, or $9 above the market price at the time of the update.
A short is a trade designed to benefit if an asset’s price falls. Liquidation closes a position under the trading platform’s rules.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.