BTC rebounds above $78,000, a trader liquidated 6 times within two hours

November 4th, according to Lookonchain monitoring, as BTC rebounded above $78,000, trader 0x4b62 suffered 6 liquidations of their BTC short positions in the past two hours, with a cumulative liquidation of 199.83 BTC, valued at approximately $15.45 million. Currently, the trader still holds a short position of 70.99 BTC, valued at about $5.5 million, with a new liquidation price of $78,192.79.