A trader closed a long position of 125 BTC, incurring a loss of $404,000, and immediately opened a short position.

According to Mars Finance, on January 19th, Hyperinsight monitored a trader who closed a long position of 125 BTC at 14:11, incurring a loss of $404,000. The trader immediately opened a short position, currently short 75 BTC (approximately $6.95 million) with 10x leverage. The average entry price was $92,388.7, resulting in a floating loss of $25,000. This address primarily trades BTC perpetual contracts using a cross margin trading strategy, frequently making large opening and closing operations, exhibiting an aggressive trading style. Over the entire trading period, the trader has reported a profit of $2.93 million.