Odaily reported that according to Ember's monitoring, a whale is currently cross margin short on BTC with 50x leverage, and this position is the largest in its history, with a total value of up to $520 million. With 40x leverage, it is short 6,210 BTC (worth $520 million) at a cost price of $83,898 and a liquidation price of $85,561. For this, it transferred $16.75 million in to the account as margin, which is all the funds in its address (including several million in principal + over tens of millions in profits from the past month). Previously, it had closed out about 500 BTC short positions through a TWAP strategy and then stopped operating. At the same time, its small long positions in and have all been closed out with a slight loss. Subsequently, it re-added to its BTC short position.