「Strong Bearish」 Whale Liquidated After Voluntarily Deleveraging, Loss Exceeds $1.567 million

BlockBeats News, August 18th, according to on-chain analyst Ai Whale (@ai_9684xtpa), a whale holding a $125 million short position firmly bearish on Bitcoin voluntarily reduced their position by 1200 BTC early this morning, resulting in a $344,000 loss. Subsequently, they were liquidated for 288 BTC, incurring a $245,000 loss. Since opening the position on August 5th, they have already realized a substantial loss of over $1.567 million.

Currently, they still hold a short position of 512 BTC, with an unrealized loss of $338,000.