Giant Whale increased its short selling of BTC and lost nearly US$5.8 million, only 3.7% away from liquidation

According to BlockBeats, on September 11, according to HyperInsight monitoring, the Giant Whale Address "0x5d2f4" increased its holdings of BTC short positions of about US$1.06 million. The short position has currently fallen to US$5.78 million, and the liquidation price is US$118,627.63. If Bitcoin price continues to rise about 3.7% to $118,600, the position will face the risk of forced layoffs. Previously, the address had increased its BTC short positions several times between August 11 and 15. In addition, the giant whale also holds 25 times the leverage of ETH short orders, but has not yet achieved profitability.