A whale (a cryptocurrency trader) stopped out a 53-day long position in BTC, incurring a loss of $588,000, and subsequently started short.

[A whale closed its 53-day long BTC position, incurring a loss of $588,000, and immediately started short] According to Mars Finance, on January 7th, Hyperinsight monitored that a whale closed its 53-day long BTC position 45 minutes ago, incurring a loss of $588,000. Subsequently, it short 139.62 BTC (approximately $12.94 million) with 3x leverage, with an average entry price of $92,739.2. Currently, it is experiencing a slight floating loss.