1 min read
Add as a preferred source on Google

Trader's 201 Bitcoin (BTC) Position Worth $15.6 Million Was Liquidated

The trader later opened a $2.68 million short in TRUMP tokens.

Mentioned assets
A brass coin tips toward the edge of a sloped metal surface / TokenPost.ai
A brass coin tips toward the edge of a sloped metal surface / TokenPost.ai

A trader's 201 Bitcoin (BTC) position, valued at $15.6 million, was liquidated during market declines before the trader opened a $2.68 million short position in TRUMP tokens.

At 11:19 p.m. ET Thursday (04:19:59 UTC Friday), Bitcoin traded at $75,588.

Liquidation forcibly closes a position when it no longer meets collateral requirements. A short position gains value when the token's price falls and loses value when it rises.

Enna Lee

Reporter

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

Loading…