Trader Closes $56.68M Bitcoin Short Position with $1.94M Loss on May 5

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BTC0.42%

According to Lookonchain, on May 5, a trader closed a $56.68 million Bitcoin short position with a $1.94 million loss approximately one hour ago. The loss eliminated all profits from 11 previous short trades that had generated a cumulative gain of $1.71 million.

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