💀Short Trader Loses Nearly Rp14B After BTC Liquidation on OKX💀
One wrong bet on Bitcoin’s direction cost a trader billions of rupiah in seconds.
🧾 The Highlights:
1️⃣ US$834K Liquidated on OKX
A Bitcoin short trader was liquidated on OKX with a total loss of US$834,000 (approx. Rp13.7 billion) as BTC surged by 1.3% to US$107,000 on the morning of May 21.
2️⃣ 81,860 Traders Affected
In the past 24 hours, 81,860 traders were liquidated across the market with total losses reaching US$213 million.
3️⃣ Short vs. Long Liquidations
Of the total liquidations, US$97 million came from shorts, while long positions made up US$116 million.
4️⃣ Binance Leads in Liquidation Volume
Binance saw the highest liquidation value at US$73 million, followed by Bybit (US$62M), OKX (US$38M), and Gate.io (US$22M).
🔍 Why It Matters:
This wave of liquidations comes amid strong capital inflows into spot Bitcoin ETFs over the last five weeks—pushing BTC prices higher and catching over-leveraged traders off guard.
Disclaimer: Not Financial Advice (NFA). Do Your Own Research (DYOR).