WBTC Liquidation: $9.34M Long Position Liquidated Amid Market Volatility
Column
December 6, 2024 10:41 AM
In Brief:
95.01 WBTC (~$9.34M) liquidated from a long BTC address this morning.
Liquidation followed Bitcoin’s drop from $100,000 to $94,000.
PeckShieldAlert revealed that the address 0xa76b...e81c was liquidated for 95.01 WBTC worth approximately $9.34 million. This occurred during early morning trading hours when Bitcoin, having surpassed the $100,000 mark, saw a sharp dip to $94,000. The incident highlights the risks tied to leveraged positions during high market volatility.
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