According to Foresight News, a prominent investor known as 'Insider Whale' has experienced substantial losses after a series of liquidations. Initially holding a $250 million short position, the investor's holdings have been reduced to $43.68 million following eight consecutive liquidations.
The investor initially committed $16.28 million as margin for the position, which has now dwindled to $1.2 million, resulting in a loss of approximately $15.08 million. Despite these setbacks, the investor has previously gained $26 million from three different addresses, maintaining an overall profit of $10.92 million.
Currently, the remaining positions include a 40x leveraged short on 237 BTC, valued at approximately $25.82 million, with an entry price of $106,697 and a liquidation price of $111,040. Additionally, there is a 25x leveraged short on 6,948 ETH, valued at $17.86 million, with an entry price of $2,452 and a liquidation price of $2,646.
