Bitcoin Rebound Above $78,000 Liquidates $15.45 Million Whale Short Position

A large Bitcoin short position suffered six consecutive liquidations totaling 199.83 BTC, valued at roughly $15.45 million, across a two-hour window leading up to 1:30 a.m. ET. The forced unwinds were triggered as Bitcoin rebounded sharply back above the $78,000 threshold. Despite the cascading closures, on-chain records show the trader still holds an active short position of 70.99 BTC, worth approximately $5.5 million. This remaining balance faces a tight liquidation threshold at $78,192.79, leaving the trader vulnerable to additional forced liquidations if upward momentum continues.