Data: A certain 40× short whale has reduced its BTC position again, with losses exceeding 44 million dollars in the past month

ChainCatcher message, the Federal Reserve's interest rate meeting will be held on September 18. The market generally speculates a high probability of interest rate cuts, and as a result of this event, there has been frequent activity from on-chain whales recently.

According to HyperInsight monitoring, the address starting with 0xa523 has reduced its BTC short position by 168.78 coins; the current position value is approximately $68.795 million; the unrealized loss is about $1.14 million; the liquidation price is approximately $116,700, which is about 0.81% away from liquidation. This address has recently used about 40× leverage, with a cumulative loss of $44.45 million over the past month; the total position value of the account is approximately $68.84 million.