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$332M Crypto Short Position Sees $110M Liquidation Before Reopening

$332M Crypto Short Position Sees $110M Liquidation Before Reopening

Odaily reports that trader 0xD83…Fd7, after losing $20 million in unrealized profits in a partial liquidation, expanded short exposure by $30 million to reach $300 million total.

Summary

According to Odaily, trader 0xD83…Fd7 experienced a partial liquidation early today that erased around $20 million in unrealized profits. Following the liquidation, the trader added $30 million more to short positions, increasing total shorts to $300 million. The update reflects continued high-risk activity similar to earlier reports of large-scale short trading after significant losses.

Terms & Concepts
  • Short Position: A trading strategy in which a trader sells an asset expecting its price to decline, profiting from the decrease when buying back later.
  • Liquidation: A process that occurs when a trader’s position is forcibly closed, typically due to margin requirements or price movements exceeding set limits.
  • Unrealized Profit: Profit that exists on open positions but has not been secured through closing or selling the asset.