An Whale Who Shorted BTC 40x Faces Partial Liquidation for the Fourth Time, Loses Nearly $300,000

BlockBeats News, July 5th, according to OnchainLens monitoring, the whale address '0x2117' had its 40x leveraged Bitcoin short position liquidated partially for the fourth time in the past 24 hours. The address was liquidated for a total of 97.99 BTC, worth approximately $6.18 million, with a realized loss of about $298,800.

Nevertheless, the trader still holds a 67.98 BTC (approximately $4.26 million) short position with 40x leverage, currently facing an unrealized loss of around $179,200. The liquidation price is only about $902 higher than the current BTC market price.