Whale Faces Fourth Partial Liquidation in 3 Days, Losing $6.65 Million in BTC Short Positions

According to Onchain Lens data reported by COINOTAG News on June 26th, a prominent whale trader experienced a partial liquidation for the fourth time in just three days. This series of liquidations involved substantial short positions in both Bitcoin (BTC) and Ethereum (ETH), leveraged at 40x and 25x respectively. The trader’s initial gains of $3.4 million have now reversed, culminating in a net loss of approximately $8.7 million. This development underscores the heightened volatility and risk inherent in leveraged crypto trading, particularly for large-scale market participants. Market analysts emphasize the importance of prudent risk management strategies to mitigate exposure during periods of rapid price fluctuations. The repeated liquidations highlight the challenges whales face in sustaining leveraged positions amid unpredictable market dynamics.