Trader liquidated four times in 14 hours as 375.8 BTC in shorts wiped out
- —Trader 0xc3ed was liquidated four times in 14 hours
- —375.8 BTC worth $32.55 million in shorts were closed
- —The liquidations followed a rally in bitcoin's price
Why it matters: Large short liquidations add fuel to price rallies as sellers are forced to close positions.
Source: PANews