Data: A certain whale closed a short position of 49.59 million USD in BTC, with a total loss of 547,000 USD from three shorting attempts

According to on-chain analyst @ai_9684xtpa, a certain whale previously shorted $49.59 million worth of BTC with 4x leverage, and after holding the position for less than 7 hours, they stopped out with a loss of $114,000.

This address had also shorted BTC twice before, both times closing with losses, accumulating a total loss of $547,000 from three short positions. Currently, this whale still holds a long position of 20,000 ETH with 4x leverage, with an unrealized profit of approximately $10.71 million.