"Whale that went long on 20,000 ETH before the surge" closes BTC short position again, incurring a loss of $114,000

BlockBeats News, September 8 - According to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, a whale who had taken a 4x leveraged long position on 20,000 ETH just before a surge has closed out their BTC short position, cutting losses at $114,000 after holding for less than 7 hours. This address had previously closed out two BTC short positions at a loss, with cumulative losses from three shorting attempts reaching $547,000.

Their ETH long position currently shows an unrealized profit of $10.71 million.