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A large BTC whale has had $5 million worth of short positions liquidated, with its remaining $18.38 million in positions approaching the liquidation threshold.

1 hours ago

According to TradingBeats monitoring, in the past two hours, a whale’s short positions in both BTC and ETH were partially liquidated. The forced covering amounted to 55.19 BTC and 153.19 ETH respectively, each accounting for 20% of their respective pre-liquidation positions. The combined transaction value of the two liquidations was approximately $4.9912 million, with trading losses of around $46,500 and fees of about $1,398. After liquidation, the whale still holds nearly $20 million in short positions, with its BTC position approaching the liquidation line again. The remaining two short positions are worth around $19.8846 million, with unrealized losses of about $105,800. The address still holds 220.74 BTC short contracts, valued at roughly $18.3836 million, at an average entry price of $82,835.60, with an unrealized loss of approximately $98,300. Current BTC is trading at $83,281, just $463 away from this position’s liquidation price, meaning a price increase of around 0.56% would trigger liquidation. Meanwhile, the address still holds 612.76 ETH short contracts, worth about $1.501 million, with an average entry price of $2,437.32, an unrealized loss of around $7,462, and a liquidation price of approximately $2,615.23.

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