🚨 🚨BREAKING NEWS: $42.68M BTC Short Wiped Out on HTX!🚨🚨
A massive $42.68M short position on BTC/USDT was liquidated in a single order on HTX exchange, according to data from Coinglass.
💡 Why it matters:
This was one of the largest single liquidations of the day.
Such events often fuel volatility spikes and shift market sentiment.
Liquidations this size can trigger a domino effect, forcing other over-leveraged traders out of the market.
⚠️ Trader Insight:
High leverage = high risk. One wrong move and millions can vanish instantly. Smart money always manages risk with tight stop losses and proper sizing.
📊 Market Impact:
BTC holding above $118K after this liquidation could strengthen bullish confidence, while shorts may tread carefully.