Data: To avoid liquidation, a short whale holding 1600 BTC has reduced its position, with cumulative losses exceeding 1.5 million USD

According to monitoring by Lookonchain, a trader who previously established a short position of 1,600 BTC has reduced their position by another 500 BTC (approximately $32.58 million) to lower liquidation risk. Currently, the trader's total losses have exceeded $1,500,000, with a remaining short position of about 900 BTC (worth approximately $58.60 million).

With the reduction completed, the liquidation price of this short position has moved up to around $64,998.73.