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Six traders were liquidated with over $10 million, BTC short positions become the main casualties
【Blockchain Rhythm】On January 14th, the market experienced a sharp rebound. According to on-chain monitoring data, a well-known leverage trading platform experienced a series of large liquidation events, with six traders losing a total of over $10 million due to misjudgment of their position directions.
Specifically, four traders were liquidated for shorting Bitcoin, losing $5.8227 million, $1.3937 million, $1.294 million, and $1.4531 million respectively. Another trader was liquidated on an Ethereum short position, losing $2.4714 million. Additionally, one trader was forcibly liquidated for shorting Solana, with a loss of $4.7641 million.
Looking at the distribution of liquidations, BTC short positions were the main victims in this rebound, accounting for the largest proportion. The market rebound was so rapid that it clearly exceeded the risk management expectations of many short traders. These large liquidation events also serve as a reminder to investors that in the highly volatile crypto market, leverage trading should be approached with caution, and risk management is crucial.