According to TechFlow's Deep Tide report, on May 8, on-chain analyst Lookonchain monitored a certain whale closing a short position during the Bitcoin surge, with losses exceeding 1.6 million dollars. This whale had shorted BTC with 11x and 40x leverage, reaching a position size of 127.7 million dollars, with liquidation prices of 104,600 dollars and 103,470 dollars, respectively.