Shortselling isn't for the fainthearted or the shallow-pocketed.
"Today’s rise over the $33k price zone has been no different, as 78,107 traders were liquidated according to Bybit data on Saturday. The largest single liquidation order happened on Bitmex-BTC this morning (EST), with a value of around $10 million. Over $800 million contracts were liquidated during the last 24 hours of crypto trading."
https://news.bitcoin.com/while-bitcoin-tapped-new-price-highs-53000-shorts-worth-over-500-million-got-liquidated/
"Today’s rise over the $33k price zone has been no different, as 78,107 traders were liquidated according to Bybit data on Saturday. The largest single liquidation order happened on Bitmex-BTC this morning (EST), with a value of around $10 million. Over $800 million contracts were liquidated during the last 24 hours of crypto trading."
https://news.bitcoin.com/while-bitcoin-tapped-new-price-highs-53000-shorts-worth-over-500-million-got-liquidated/