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The "Insider Brother" has had his short position liquidated and reduced 8 times consecutively, with a profit pullback of 18.05 million dollars.
According to a report from 深潮 TechFlow on July 3, analyst 余烬 stated that an investor known as "内幕老哥" faced significant losses while shorting Bitcoin (BTC) and Ethereum (ETH). The investor's $250 million short position experienced 8 consecutive liquidations and reductions, leaving only $43.68 million.
In this transaction, the investor invested $16.28 million as margin for opening the position, and now only $1.2 million is left, having lost $15.08 million. Nevertheless, the investor made a profit of $26 million through the previous three addresses, resulting in an overall profit of $10.92 million.
Currently, the investor's remaining positions include:
Shorting 237 BTC with 40x leverage, valued at 25.82 million USD, opening price at 106,697 USD, liquidation price at 111,040 USD.
Shorting 6,948 ETH with 25x leverage, worth 17.86 million USD, opening price 2,452 USD, liquidation price 2,646 USD