Add as a preferred source on GoogleTrader Closes Bitcoin and Ether Longs After $4.34 Million Loss
A Bitcoin position valued at $110 million came within $184 of liquidation before a rebound; the trader later opened $45.93 million in U.S. stock longs.
A trader closed leveraged long positions in Bitcoin (BTC) and Ether (ETH), realizing $4.34 million in combined losses after the Bitcoin position narrowly avoided liquidation during a market low.
The Bitcoin position was valued at $110 million at the low and came within $184 of liquidation. A rebound helped it avoid closure at that point. The trader later closed 1,821.84 BTC at a $3.26 million loss. The Ether position added another $1.08 million in losses.
The trader has since opened $45.93 million in long positions tied to U.S. stocks, with exposure listed under TSLA, DRAM and SOXL.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.