A Whale Opened $235 Million Worth of BTC and ETH Short Positions Early This Morning

According to Jinse Finance, on-chain analyst Yujin has monitored that the "insider" @qwatio has once again made a significant short move: in the early hours today, he opened BTC and ETH short positions worth $235 million. After closing the previous short positions he opened with James the day before yesterday, he transferred the funds to a new address to continue trading. He has now opened short positions worth $235 million and is currently facing an unrealized loss of $2.27 million: 40x short on 1,414 BTC, valued at $149 million, with an entry price of $104,724 and a liquidation price of $107,620; 25x short on 35,000 ETH, valued at $85.47 million, with an entry price of $2,425 and a liquidation price of $2,511.