X User Faces Significant Losses After Short Position Liquidation

According to PANews, a user on platform X, known as 'Insider Brother' with the handle @qwatio, experienced a substantial financial setback after his short position was liquidated, resulting in a loss of $210 million within an hour and a half. Currently, he retains a position worth $58 million and a margin of $1.58 million. Previously, the user had accumulated profits totaling $26 million, which have been nearly wiped out due to two unsuccessful short trades. The first trade resulted in a loss of $16.27 million, followed by another loss of $8.46 million. At present, he primarily holds a short position in Bitcoin, having transferred all his margin into this position. The cost price of the Bitcoin short position has risen to $121,176, with all hopes pinned on this trade.