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A trader closed their $56.68 million Bitcoin short position, incurring a loss of $1.94 million.
BlockBeats news, May 5, according to Lookonchain monitoring, a trader stopped out their $56.68 million Bitcoin short position one hour ago, incurring a loss of $1.94 million.
In addition, this trader had previously shorted Bitcoin 11 times in total, earning a cumulative profit of $1.71 million; this loss wipes out all profits from their prior 11 trades.