Trader Is Liquidated on $2.68 Million TRUMP Short After BTC Loss
Photo: TokenPost
An unnamed trader’s 2.25 million-token TRUMP short, valued at about $2.68 million, was liquidated after the trader lost 201 Bitcoin (BTC), worth about $15.6 million, in eight earlier liquidations during a market decline. A short position gains value when an asset’s price falls and loses value when it rises. A liquidation closes a position when its collateral no longer meets requirements. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
