A Bitcoin (BTC) trader has taken proactive measures to prevent liquidation risk in their short position. The trader recently increased the price threshold for liquidation to $117,510, demonstrating a strategic adjustment in response to market volatility. This decision aligns with a contrarian trading strategy, as evidenced by their past actions. The trader initially entered a long position on Ethereum (ETH) on the 15th of last month, but the cryptocurrency experienced significant price fluctuations and correction throughout the month. The trader took advantage of these fluctuations, buying in at higher prices before selling at losses to avoid further losses, resulting in an estimated loss of $35.84 million.