BTC Short Liquidations Top $17.9M as Cooling-off Long King Reopens 40x Short (CoinBob On-Chain Analysis)

COINOTAG News, October 22, citing on-chain analysis tool CoinBob, reports at 11:57 PM yesterday that the strategy dubbed “Cooling-off Long King” opened a fresh BTC short position at an average price near $113,200. The move liquidated roughly 159 BTC coins under 40x leverage, equating to more than $17.9 million in nominal value.

Over the past nine hours, the same address slightly increased its SOL shorts, now with a nominal exposure around $27.6 million and an unrealized PNL approaching 50%.

Monitoring indicates partial closures during two minor pullbacks, with profits booked in the last two hours. The address currently holds about $13.57 million in BTC shorts, while major allocations include 20x SOL shorts at $27.6 million and 40x BTC shorts at $13.6 million.