tldr; A Bitcoin trader using 40x leverage was liquidated on a $42 million long position after Bitcoin briefly dipped below $66,000 on March 1, 2026. The position, with a liquidation price of $66,192, lasted only six hours, resulting in a loss of over $1 million in collateral. The event highlights the risks of high leverage, as even minor price fluctuations can trigger liquidation. Bitcoin rebounded above $66,500 shortly after, sparking discussions about leverage risks and potential market manipulation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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