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Bitcoin Short Position Was Liquidated Six Times in Two Hours

The closures totaled 199.83 BTC, while 70.99 BTC remained open at a new liquidation price of $78,192.79.

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An unmarked gold coin pushes through a sprung steel vise / TokenPost.ai
An unmarked gold coin pushes through a sprung steel vise / TokenPost.ai

A Bitcoin (BTC) short tied to address 0x4b6...7ca was liquidated six times over two hours through 1:30 a.m. ET Wednesday, Nov. 4 (06:30 UTC), after Bitcoin rebounded above $78,000.

The forced closures totaled 199.83 BTC, worth $15.45 million. The address still held a 70.99 BTC short valued at $5.5 million, with a new liquidation price of $78,192.79.

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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