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A trader closed their $56.68 million Bitcoin short position, incurring a loss of $1.94 million.
Golden Finance reports that on May 5th, according to Lookonchain monitoring, a trader closed their $56.68 million Bitcoin short position an hour ago, incurring a loss of $1.94 million. Additionally, this trader had previously shorted Bitcoin 11 times, with a total profit of $1.71 million. This loss this time wiped out the profits from all previous 11 trades.