A cumulative 199.83 BTC was liquidated within 2 hours, with a certain address's short position liquidated 6 times

According to Lookonchain monitoring, after Bitcoin rebounded above $78,000, the Bitcoin short position of address 0x4b6...7ca was liquidated 6 times over the past 2 hours, with a cumulative liquidation of 199.83 BTC worth $15.45 million. The address still holds a 70.99 BTC short position worth $5.5 million, with a new liquidation price of $78,192.79.