Traders adjust BTC short positions to avoid liquidation

A trader adjusted his short position in Bitcoin (BTC) to raise the forced-fighting price to $117,510 to prevent liquidation. The trader showed a tendency to operate against the trend, as can be seen from his trading activities last month. Starting from the 15th, the trader was long on Ethereum (ETH), but the cryptocurrency experienced a period of volatility and pullback at the end of the month. The trader repeatedly bought at a higher price, then stopped losing, and eventually lost $35.84 million.