BlockBeats News, June 13th, according to on-chain data analyst Yu Jin's monitoring, the address of the so-called "insider trader" (AKA, not conclusive evidence), who had opened a counter short position with James Wynn at the end of May, has once again increased its BTC short position 5 hours ago.
It is reported that this address opened a 40x BTC short position on May 21st, using 7.3 million USDC as margin for a 40x leveraged short on BTC, with an entry price of $107,192. Subsequently, BTC began to rise, and their short position was continuously liquidated and forced to reduce margin, but they never conceded and closed the position. Five hours ago, they transferred another $4.97 million to Hyperliquid to further increase their short position.
Currently, the value of their position is $115 million. The entry price is $107,766, and the liquidation price is $110,826. However, since the total margin used for this position is $12.27 million and the current net value of the position is $9.16 million, they are still facing an unrealized loss of $3.11 million.
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