OnchainLens said wallet 0x2117 was partially liquidated four times in 24 hours, with about $298,800 in realized losses and a remaining 67.98 BTC short showing an unrealized loss near $179,200.
A whale trader’s 40x leveraged Bitcoin short was partially liquidated four times over the past 24 hours, with 97.99 BTC worth about $6.18 million closed out, according to OnchainLens. The wallet, identified as address 0x2117, has realized a loss of about $298,800 and still holds a 67.98 BTC short valued at about $4.26 million. That remaining position is showing an unrealized loss of about $179,200. The episode underscores how aggressive leverage can amplify losses and trigger repeated forced reductions when the market moves against a derivatives bet.