A trader liquidated their $56.68 million USD Bitcoin short position, resulting in a $1.94 million USD loss.

BlockBeats News, May 5th, according to LookIntoChain's monitoring, a trader liquidated his $56.68 million Bitcoin short position with a loss of $1.94 million 1 hour ago.

Furthermore, the trader had previously shorted Bitcoin 11 times, accumulating a total profit of $1.71 million. This loss wiped out all the profits from the previous 11 trades.