This Bitcoin Short Trader Lost Rp75 Billion After Being Hit by Liquidation

The surge in Bitcoin (BTC) prices has caused a trader who took a short position to lose up to US$4.4 million, equivalent to nearly Rp75 billion. The incident occurred when the price of BTC suddenly soared sharply during trading on Tuesday (03/17) morning.

Coinglass trading data shows that Bitcoin rose about 4.03 percent in the last 24 hours, reaching a level of US$76,000. This rapid increase immediately triggered a wave of liquidations for traders who predicted that the price of the crypto asset would fall.

On the other hand, during the same period the total liquidation of the crypto market surpassed approximately US$613.8 million. Moreover, the short position became the largest at US$487.8 million, while the long position was recorded at around US$125.9 million. #CryptoAcademyNews

Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).

-# Image source: Crypto Academy 2026