Bitget Trader Faces Liquidation with 23,000 ETH Short Position

A significant high leverage short position has been detected on the Bitget platform. According to AI Auntie Monitor, an address started shorting 23,205.35 ETH in batches at 23:42 last night. The position value is estimated to be around $39.03 million, with an opening average price of $1,680.8 and a liquidation price of $1,863.2. Currently, the address is facing a floating loss of nearly $27,000.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. The platform provides a wide range of financial instruments for traders to explore. For new users, Bitget offers a welcome pack worth 6200 USDT upon signing up.