OKX Liquidates $2.38 Million Bitcoin Short Position at $82,580
Photo: TokenPost
OKX liquidated a $2.38 million short position in Bitcoin (BTC) in a single event at $82,580 at 10:11 p.m. ET on Oct. 12 (02:11 UTC on Oct. 13). A short position profits when an asset’s price falls. Liquidation occurs when the exchange forcibly closes the position after available collateral no longer covers the trade’s required margin. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
