High-Volume Trader Increases Short Position in WBTC and ETH

According to BlockBeats, on January 18, on-chain data analyst Yu Jin reported that a high-frequency trader has increased their short position by selling an additional 113 Wrapped Bitcoin (WBTC) five hours ago. The trader's total short position now amounts to $49.27 million, with an unrealized loss of $820,000. The current short positions include 313 WBTC at an average short price of $102,677 and 5,000 Ethereum (ETH) at an average short price of $3,427.