「40x Short Whale」 Further Reduces BTC Short Position, Losses Amount to Over $44 Million in the Past Month

BlockBeats News, September 16th. The Federal Reserve's September interest rate meeting will be held on September 18th. The market generally speculates that there is a high probability of a rate cut at this meeting. Due to this event, large on-chain whale activities have been frequent recently.

According to HyperInsight monitoring, address starting with 0xa523 reduced its BTC short position by 168.78 coins. The current position is worth approximately $68.795 million, with an unrealized loss of about $1.14 million. The liquidation price is around $116,700, with a distance to liquidation of about 0.81%. The address has recently used approximately 40× leverage and has accumulated losses of $44.45 million in the past month. The total account position value is around $68.84 million.