One pseudonymous trader woke up to a $4.3 million loss on a $70 million Bitcoin (CRYPTO: BTC) short Wednesday as crypto markets posted the largest short liquidation event in recorded history.
What Happened to the $70 Million Short?
Trader Laanie posted on X that they went to bed with a $70 million Bitcoin short open and woke up to friends spam calling them to close their positions.
Theirr profit and loss swung from $1.6 million up to $3 million down to $4.3 million down in a matter of hours.
“My heart was pounding through my chest, my body went cold, my head was sore and I started throwing up,” they wrote.
