A trader aggressively rolled over a $200 million short position in both BTC and ETH, with the BTC short position only $1,600 away from the liquidation...
TL;DR
A trader holds $200 million in short positions for BTC and ETH, with BTC near liquidation at a $1,600 margin and ETH at $56, resulting in mixed floating losses and profits.
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According to Odaily Odaily, based on monitoring by on-chain analyst Yu Jin, during the market downturn at 7:00 AM today, a trader (0xd83...8fd7) shorted 510 BTC, worth $47.3 million, bringing their total short position to $200 million. Currently, this trader holds short positions in 1073 BTC, worth $100 million, with an opening price of $92,469 and a liquidation price of $94,384, resulting in a floating loss of $280,000; and short positions in 31,093 ETH, worth $100 million, with an opening price of $3,270 and a liquidation price of $3,246, resulting in a floating profit of $2.49 million. The trader's BTC short position is only $1600 away from its liquidation price, and their ETH short position is only $56 away from its liquidation price.