Whale increases short positions on BTC with unrealized losses nearing $5.8 million, only 3.7% away from liquidation

According to ChainCatcher, monitored by HyperInsight, the whale address "0x5d2f4" has increased its BTC short position by approximately $1.06 million. Currently, this short position has an unrealized loss of $5.78 million, with a liquidation price of $118,627.63. If the price of bitcoin continues to rise by about 3.7% to $118,600, this position will face the risk of forced liquidation.

Previously, this address had repeatedly increased its BTC short positions during the period from August 11 to 15. In addition, this whale also holds a 25x leveraged ETH short position, but it has not yet realized any profit.

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