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title: "Shortselling isn't for the fainthearted or the shallow-pocketed.…"
date: 2021-01-02
source: facebook
type: Archer T. Ships shared a link.
---

# Shortselling isn't for the fainthearted or the shallow-pocketed.…

*January 2, 2021 · Facebook*

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[https://news.bitcoin.com/while-bitcoin-tapped-new-price-highs-53000-shorts-worth-over-500-million-got-liquidated/](https://news.bitcoin.com/while-bitcoin-tapped-new-price-highs-53000-shorts-worth-over-500-million-got-liquidated/){target="_blank"}
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Shortselling isn\'t for the fainthearted or the shallow-pocketed.\
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\"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.\"\
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[https://news.bitcoin.com/while-bitcoin-tapped-new-price-highs-53000-shorts-worth-over-500-million-got-liquidated/](https://news.bitcoin.com/while-bitcoin-tapped-new-price-highs-53000-shorts-worth-over-500-million-got-liquidated/){target="_blank"}
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