Can somebody explain to me these WhaleCalls and BitmexRekt tweets?

I know what a whale is but I'm not sure I understand these tweets:

  • "Okcoin $LTCUSD Bi Weekly futures has liquidated a long position of 1500 contract at 40.125 - 2017-07-28 20:33:37"

  • "Okcoin $LTCUSD Quarterly futures has liquidated a long position of 1826 contract at 40.724 - 2017-07-28 20:33:22"

  • "OKcoin top #2 $BTCUSD contract holder has decreased their position by 18845 contracts"

  • "OKcoin top #2 $BTCUSD contract holder has decreased their position by 18845 contracts"

1 contract = 1 BTC / LTC ?

What about this one?

  • "Liquidated short on XBTUSD: Buy 600 @ 2785.6"

This guy shorted XBTUSD and lost 600 coins?

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