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BTC Short Trader '内幕老哥' qwatio Halves Position on Hyperliquid After $26M Loss

After a $26M loss that cut his principal to $1M, the trader maintained a $62.5M BTC short with a liquidation price at $115,368.

BTC
HYPE

Summary

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Terms & Concepts
  • BTC Short: A trading strategy involving selling borrowed Bitcoin, anticipating a decline in price.
  • Liquidation Price: The price level at which a trader's position is automatically closed to limit losses.