The short positions of the “Insider Whale” were liquidated for $210 million, with a cumulative loss of more than $24 million, and all the remaining margin was transferred to BTC short orders

Odaily News According to monitoring by Ember, the insider whale @qwatio encountered a large-scale liquidation in the past hour and a half, and its short position was forcibly closed at $210 million. Currently, the position is only $58 million, and the margin balance has dropped to $1.58 million. Previously, its $26 million profit has been basically lost. The previous short-selling loss was $16.27 million, and this time it lost another $8.46 million.
In addition, the “insider whale” has transferred all the remaining margin to BTC short positions, raising its BTC shorting cost price to $121,176.