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Add as a preferred source on GoogleTrader Is Liquidated on $2.68 Million TRUMP Short After BTC Loss
The trader lost 201 Bitcoin (BTC), valued at about $15.6 million, across eight liquidations before shorting 2.25 million TRUMP tokens.
Mentioned assets
An unnamed trader’s 2.25 million-token TRUMP short, valued at about $2.68 million, was liquidated after the trader lost 201 Bitcoin (BTC), worth about $15.6 million, in eight earlier liquidations during a market decline.
A short position gains value when an asset’s price falls and loses value when it rises. A liquidation closes a position when its collateral no longer meets requirements.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.