Second Liquidation Hits Bitcoin Short Trader, Losses Mount to $1.58M

A second liquidation hit the same Bitcoin short trader overnight, wiping out another $314k in losses.

The address 0x8c96e5a2d770f9f2c9d2464ce4e741df0b2bca57 lost 288 BTC to liquidation at a price of $65232.5, which leaves the remaining short position with $1.28M in unrealized losses.

This follows a prior session where 360 BTC were taken out from the same trader's short position, resulting in significant losses.

Bitcoin is currently trading within its Bollinger band and testing upper resistance at $65463, while its RSI(14) print is 71.68, indicating overbought momentum against the bullish MACD golden cross.