[A Short Trader Closes 500 BTC to Avoid Liquidation, Total Loss Exceeds $1.5 Million] According to Foresight News, monitored by Lookonchain, a trader who previously shorted 1,600 BTC has closed another 500 BTC (worth $32.58 million) to avoid liquidation, bringing their total loss to over $1.5 million. The trader currently holds a short position of 900 BTC (worth $58.6 million), with a new liquidation price set at $64,998.73.