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📅 July 3, 7:00 – July 9,
The "insider trader" had their short position liquidated and reduced 8 times in a row, with a profit pullback of 18.05 million USD.
["Insider Trader" Short Position Cleared 8 Times, Profit Pullback of $18.05 Million] According to analyst Yu Jin, an investor known as "Insider Brother" suffered severe losses while shorting Bitcoin ( BTC ) and Ethereum ( ETH ). The investor's $250 million short position experienced 8 consecutive clearances, currently leaving only $43.68 million. In this trade, the investor put in $16.28 million as margin to enter a position, now only left with $1.2 million, having lost $15.08 million. Nevertheless, the investor made a profit of $26 million through three previous addresses, still having an overall profit of $10.92 million. Currently, the investor's remaining positions include: Shorting 237 BTC with 40x leverage, valued at 25.82 million USD, entry price 106,697 USD, liquidation price 111,040 USD. Shorting 6,948 ETH with 25x leverage, worth 17.86 million USD, entry price 2,452 USD, liquidation price 2,646 USD