A trader liquidated their $56.68 million bitcoin short position, resulting in a loss of $1.94 million.

ChainCatcher news, according to monitoring by Lookonchain, a trader closed their $56.68 million Bitcoin short position 1 hour ago, incurring a loss of $1.94 million. Additionally, this trader previously shorted Bitcoin 11 times, with cumulative profits of $1.71 million, but this recent loss wiped out all the profits from those 11 trades.