A trader identified as 0xc3ed was liquidated four times within a 14-hour period as Bitcoin prices rose, resulting in the complete wipeout of 375.8 BTC in short positions. The total value of the liquidated positions reached $32.55 million. The consecutive liquidations highlight the severe risks associated with leveraged shorting during upward price momentum. On-chain monitoring data confirmed the rapid succession of margin calls that eliminated the trader's entire bearish exposure in less than a day.