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A certain 40x short BTC whale has been partially liquidated four times in a row, with cumulative losses of nearly $300k.
BlockBeats news, July 5, according to OnchainLens monitoring, the whale address "0x2117" has suffered partial forced liquidation four times in the past 24 hours for its 40x leveraged Bitcoin short position. The address has been liquidated for a total of 97.99 BTC, worth approximately $6.18 million, with a cumulative realized loss of about $298.8k.
Despite this, the trader still holds a 40x leveraged short position of 67.98 BTC (approximately $4.26 million), with a current unrealized loss of about $179.2k. Its liquidation price is only about $902 higher than the current BTC market price.