A whale suffers 4 consecutive BTC short liquidations, losing nearly $300,000

CoinFeed July 5 news, according to Onchain Lens monitoring, whale '0x2117' suffered 4 consecutive partial BTC short liquidations over the past 24 hours. 97.99 BTC (worth $6.18 million) were liquidated, with a cumulative loss of $298,750. Despite the liquidations, the trader still holds a 40x short position of 67.98 BTC (worth $4.26 million), currently at a loss of $179,220, with a liquidation price only $902 above the current Bitcoin price.