PANews reported on July 2, according to on-chain analyst Yu Jin's monitoring, the insider whale @qwatio's increased short position has just been liquidated for 50 million USD. After the whale added to the short position yesterday, BTC had retraced to around 105,500 USD, and its short position was nearly back to break-even but remained open. With tonight's market rise, its short position faced another forced liquidation of 50 million USD.
This short selling operation has gone through multiple cycles of "liquidation → margin call → re-liquidation". The short position has been reduced from 250 million USD to 200 million USD, and the remaining position still faces liquidation risk. Specific holdings:
Short selling 1131 BTC (valued at 122 million USD) with 40x leverage, opening price 106,697 USD, liquidation price 108,768 USD
Short selling 33,000 ETH (valued at 82.58 million USD) with 25x leverage, opening price 2452 USD, liquidation price 2508 USD