Data: "Insider trader" increases BTC short position, with a position value of 115 million USD, experiencing a floating loss of 3.11 million USD

ChainCatcher message, according to Ember monitoring, had previously opened a short position against James Wynn's "insider trader" (AKA, not conclusively evidenced) address at the end of May, which has again increased its BTC short position 5 hours ago.

It is reported that the address opened a 40x BTC short position on May 21, using 7.3 million USDC as margin to short 40 BTC, with an opening price of $107,192. After that, BTC started to rise, and its short position was continuously liquidated and reduced, but it has never closed the position in defeat. It transferred $4.97 million to Hyperliquid 5 hours ago to continue increasing its short position.

Currently, the value of its position is $115 million. The opening price is $107,766, and the liquidation price is $110,826. However, since the position used a total margin of $12.27 million, and the current net value of the position is $9.16 million, it is still facing a floating loss of $3.11 million.