BTC and ETH breakouts liquidate over $26 million in short positions

  • BTC and ETH price breakouts forcibly liquidated short positions held by two trader addresses.
  • 5,867 ETH and 122.88 BTC shorts represented about $26 million combined.
  • Addresses 0x06bc and 0xec0b had their respective short positions fully liquidated.

More than $26 million in short positions were forcibly liquidated after Bitcoin moved above $85,000 and Ether cleared $2,750, according to Lookonchain, as reported by PANews on Sept. 21. The liquidations involved addresses 0x06bc and 0xec0b. Address 0x06bc had 5,867 ETH shorts liquidated, with a notional value of about $16.13 million, while 0xec0b’s 122.88 BTC short position was fully liquidated at a notional value of about $10.16 million.

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