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A Trader Earns $3.4 Million in Profits Only to Be Liquidated and End Up with a $3.54 Million Loss
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Odaily Planet Daily reported, according to monitoring by @lookonchain, a trader was liquidated due to a rebound in BTC prices, resulting in a loss of 1,057 BTC, which is approximately $111 million at current prices.
It is noteworthy that this address was still in profit less than a day ago, with unrealized gains of $3.4 million, but was quickly reversed and liquidated, ultimately expanding the loss to $3.54 million, turning a profit into a significant loss.
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