"Insider Trader" Short Positions Liquidated and Reduced 8 Times in a Row, $18.05 Million in Profits Given Back

According to Jinse Finance, analyst Yujin reports that an investor known as the "insider veteran" has suffered significant losses while shorting Bitcoin (BTC) and Ethereum (ETH). This investor's $250 million short position has undergone eight consecutive liquidations and reductions, leaving only $43.68 million remaining. In this trade, the investor initially deposited $16.28 million as margin, which has now dwindled to just $1.2 million, resulting in a loss of $15.08 million. Nevertheless, the investor previously made $26 million in profits through three other addresses, maintaining an overall profit of $10.92 million. Currently, the investor's remaining positions include: a 40x leveraged short of 237 BTC, valued at $25.82 million, with an entry price of $106,697 and a liquidation price of $111,040; and a 25x leveraged short of 6,948 ETH, valued at $17.86 million, with an entry price of $2,452 and a liquidation price of $2,646.