A massive Bitcoin short position just suffered a huge $75 million loss, marking a shocking liquidation as Bitcoin hit a new all-time high. The high-stakes trader, who had been betting against Bitcoin’s rally, was forced into liquidation as the cryptocurrency continued its surge, catching many by surprise and wreaking havoc on short positions.
Adding to the drama, another trader saw a significant $36.4 million loss from liquidation, emphasizing the risks of betting against an accelerating market. These staggering losses reveal the risks of leveraged short positions in volatile conditions. As Bitcoin hit a record peak, those wagering on a price drop faced unexpected, massive financial setbacks
