An address "surrendered" and closed a Bitcoin short position, losing 3.2 million US dollars

BlockBeats News, December 3rd, according to lookonchain monitoring, address 0x4321 has capitulated - closing his Bitcoin short position, losing $3.2 million.
Meanwhile, address 0xfB66 is still holding his Bitcoin long position, currently with over $2.5 million in unrealized gains.

Yesterday, two new wallet addresses in the market were engaged in a long vs. short battle:

· 0xfB66 opened a 15x leverage long position:
Position: 300 BTC (worth $25.9 million)
Entry Price: $84,736.9
Realized P&L: +$505,000
Liquidation Price: $72,424

· 0x4321 opened a 20x leverage short position:
Position: 447.38 BTC (worth $38.67 million)
Entry Price: $86,373.6
Realized P&L: -$33,700
Liquidation Price: $92,884