BTC Short Whale Fully Liquidated, Loses $2.92M

The scale is the story: a nine-figure short, yet the realized damage stayed in the low seven figures, which says the position was likely built with enough margin to absorb a move before finally giving way. That distinction matters for how forced selling gets read — a full liquidation of this size can feed a squeeze, but a contained loss suggests the broader book was not dragged down with it. Whether this was an isolated casualty or the first of a cluster of similarly sized shorts is the open question.