A large Bitcoin whale was liquidated on HTX during a sharp market move. The position was worth approximately $61 million. We don’t know the exact leverage used. But assuming 10x leverage, that would mean about $6.1M in actual capital behind the trade. If fully liquidated, that’s a potential $6.1M loss. That’s the reality of leverage. It allows traders to control large positions with a smaller amount of capital. But when markets move quickly, liquidation can wipe out the entire margin. These even
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A large Bitcoin whale was liquidated on HTX during a sharp market mo…
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FacebookChristopher Richardson
Bitcoin news: Single BTC trader loses $61 million on HTX as price dives 4%
Bitcoin news: Single BTC trader loses $61 million on HTX as price …
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coindesk.com
$61 million bitcoin whale liquidated on HTX as sentiment back at 'extreme fear'
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$61 million bitcoin whale liquidated on HTX as sentiment back at 'extr…
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