The giant whale qwatio has stopped reducing BTC short positions, with a principal loss of 2 million dollars.

According to the news from Hash Chain, qwatio, a major BTC short seller known as "Insider Old Brother", stopped reducing half of his BTC short positions 20 minutes ago. After a profit of 26 million dollars, the current principal loss is 2 million dollars, leaving only 1 million dollars remaining. His loss pattern on the Hyperliquid platform is similar to that of other large losers, as frequent position rolling and facing volatile market conditions led to stop-losses or liquidations, resulting in significant losses. Currently, qwatio still holds BTC short positions worth 62.5 million dollars, with a liquidation price of 115,368 dollars.