PANews, July 6 - According to on-chain analyst Yu Jin's monitoring, the recent price surge has led to the liquidation of the short position of the 'insider whale' @qwatio. It seems he is committed to shorting and will not give up as long as not all of the margin is liquidated. In fact, his position was already liquidated down to only $43.68 million on the 3rd, but after a slight price rebound in BTC, his severely losing position recovered a bit, and he increased his position again.
The margin for this short position of $16.28 million has now decreased to only $800,000, resulting in a loss of $15.48 million from this short trade.
Currently, the remaining position after multiple liquidations is $47.34 million:
40x short 368 BTC, valued at $40.05 million, opening price $107,724, liquidation price $109,196;
25x short 2,846 ETH, valued at $7.28 million, opening price $2,452, liquidation price $2,611.
