Trader's 201 Bitcoin (BTC) Position Worth $15.6 Million Was Liquidated
Photo: TokenPost
A trader's 201 Bitcoin (BTC) position, valued at $15.6 million, was liquidated during market declines before the trader opened a $2.68 million short position in TRUMP tokens. At 11:19 p.m. ET Thursday (04:19:59 UTC Friday), Bitcoin traded at $75,588. Liquidation forcibly closes a position when it no longer meets collateral requirements. A short position gains value when the token's price falls and loses value when it rises. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
