💀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).

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