The giant whale increased its short position on BTC, with an unrealized loss of nearly 5.8 million dollars, just 3.7% away from liquidation

ChainCatcher news, according to HyperInsight monitoring, the whale address "0x5d2f4" has increased its short position in BTC by approximately 1.06 million USD, and the current unrealized loss on this short position has reached 5.78 million USD, with a liquidation price of 118,627.63 USD. If the price of Bitcoin continues to rise by about 3.7% to 118,600 USD, this position will face a risk of forced liquidation.

Previously, this address had repeatedly increased its BTC short position between August 11 and 15. In addition, this whale also holds a 25x leveraged ETH short position, but it has not yet realized a profit.