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Crypto Address Sees 13 Ether Short Liquidations Worth $43.9 Million

The address deposited $1.25 million in USDC before opening the short positions and lost $1.14 million.

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An unmarked silver token rests in the jaws of a steel vise / TokenPost.ai
An unmarked silver token rests in the jaws of a steel vise / TokenPost.ai

A crypto address's Ether (ETH) short positions were liquidated 13 times, covering 18,080 ETH valued at $43.9 million. The address lost $1.14 million.

The address had been created nine days before the Oct. 28 report and deposited $1.25 million in USDC before opening the short positions.

The $43.9 million figure represents the cumulative value of the liquidated positions, not the amount lost.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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