BTC and ETH Short Positions Face Liquidation Amid Market Fluctuations

According to Odaily, on-chain analyst Yu Jin reports that the trader known as 'Insider' has experienced liquidation of 20% of their short positions in Bitcoin (BTC) and Ethereum (ETH), resulting in an unrealized loss of $8.32 million. The current position details are as follows: a 40x short on 1,131 BTC valued at $122 million, with an opening price of $104,724 and a liquidation price of $108,311; and a 25x short on 27,000 ETH valued at $68.31 million, with an opening price of $2,425 and a liquidation price of $2,459.