[Futures trader liquidated for $60M due to market volatility] The extreme leverage in futures trading means even the smallest counter-move can trigger liquidation: At 1 AM, BTC spiked past $91K, and ETH broke $3K, which once again hit the liquidation price of [futures trader 0xD83...Fd7]'s short position, wiping out a position worth approximately $60M. His short position value has dropped from $300M to the current $238M. Unrealized profits have fallen from $24M two days ago to less than $4M now. https://(hypurrscan.io)/address/0xD83516572789F1c782C8298eFce58a5600318Fd7 perps --------------------------------------------------------- ｜Bitget VIP, lower fees, bigger perks