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Trader's 201 Bitcoin (BTC) Position Worth $15.6 Million Was Liquidated
The trader later opened a $2.68 million short in TRUMP tokens.

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.