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A trader closed their $56.68 million Bitcoin short position, incurring a loss of $1.94 million.
ME News Report, May 5th (UTC+8), according to Lookonchain’s monitoring, a trader stopped out of their $56.68 million Bitcoin short position one hour ago, incurring a loss of $1.94 million. This trader had previously executed a total of 11 Bitcoin short trades, with cumulative profits of $1.71 million, and this loss completely offsets all previous gains. (Source: MLion)