A whale's stop-loss on a 53-day BTC long position resulted in a $588,000 loss, prompting them to initiate a short position.

BlockBeats News, January 7th, according to Hyperinsight monitoring, a whale liquidated a 53-day BTC long position 45 minutes ago, resulting in a loss of $588,000. The whale then shorted 139.62 BTC (approximately $12.94 million) with 3x leverage at an average price of $92,739.2, currently slightly underwater.