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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Major Trader 0x0558 Faces Significant Position Liquidation Amid Market Decline
Gate News bot message, a prominent trader known as 0x0558 experienced partial liquidation of BTC and ETH long positions during the recent market decline. The trader closed all ETH long positions while maintaining 640 BTC positions valued at $72.3M.
Data shows that the trader's profitable position of $18M recorded five days ago has substantially decreased to $494.7K following the market downturn.