According to Foresight News, the trader known as @qwatio has increased their short positions following a series of liquidations and forced reductions. This move comes as Bitcoin (BTC) and Ethereum (ETH) experienced slight price pullbacks this afternoon.
Despite suffering significant losses due to previous market trends, the trader seized the opportunity presented by the temporary price dip to add $50 million worth of short positions an hour ago. Previously, their short positions had been valued at approximately $2.5 million.
Currently, the trader holds a 40x short position on 1,400 BTC, valued at $149 million, with an entry price of $106,706 and a liquidation price of $109,863. Additionally, they have a 25x short position on 40,000 ETH, valued at $97.57 million, with an entry price of $2,453 and a liquidation price of $2,562.
