Trader Closes Bitcoin and Ether Longs After $4.34 Million Loss

A trader closed leveraged long positions in Bitcoin (BTC) and Ether (ETH), realizing $4.34 million in combined losses after the Bitcoin position narrowly avoided liquidation during a market low. The Bitcoin position was valued at $110 million at the low and came within $184 of liquidation. A rebound helped it avoid closure at that point. The trader later closed 1,821.84 BTC at a $3.26 million loss. The Ether position added another $1.08 million in losses. The trader has since opened $45.93 million in long positions tied to U.S. stocks, with exposure listed under TSLA, DRAM and SOXL. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.