PANews June 22 news, according to on-chain analyst Yu Jin's monitoring, the Bitcoin whale known as 'Insider Brother' @qwatio last month opened a counter position short with James Wynn, which had been nearly completely liquidated multiple times but has surprisingly turned back to profit now.
A month ago (5/21) he opened a counter position with James, and after opening, the price of BTC kept rising, leading to multiple liquidations of Insider Brother's position, with most of the position being forcibly reduced. Later on 6/13, he added another position, raising the short position opening cost to $107,766. Now his short position has turned from loss to profit overall, and the money lost to liquidation has not only returned but has also gained $2.27 million in unrealized profits.
Current position status: 40x short 1111 BTC, position value $110 million, opening price $107,766, liquidation price $111,038.
