Large Bitcoin Short Position Faces Liquidation Above $111,770

A super whale holding a short position worth 1,230 BTC is set for liquidation if Bitcoin’s price climbs beyond the $111,770 mark.

BTC

Summary

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Terms & Concepts
  • Short Position: An investment strategy where traders sell an asset they do not own, betting its price will fall to buy it back at a lower price.
  • Liquidation: The forced closure of a trading position when losses exceed the trader’s collateral or margin requirements.
  • BTC: The ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.