Bitcoin Short Position Was Liquidated Six Times in Two Hours

A Bitcoin (BTC) short tied to address 0x4b6...7ca was liquidated six times over two hours through 1:30 a.m. ET Wednesday, Nov. 4 (06:30 UTC), after Bitcoin rebounded above $78,000. The forced closures totaled 199.83 BTC, worth $15.45 million. The address still held a 70.99 BTC short valued at $5.5 million, with a new liquidation price of $78,192.79. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.