TechFlow reports that on January 20, according to on-chain analyst EmberCN (@EmberCN), a trader added short positions worth 510 bitcoins (approximately $47.3 million) during the market downturn this morning, expanding their total short position size to around $200 million.
Currently, the trader holds 1,073 bitcoin short contracts (worth about $100 million) with an entry price of $92,469 and a liquidation price of $94,384, resulting in a floating loss of $280,000. They also hold 31,093 ether short contracts (worth about $100 million) with an entry price of $3,270 and a liquidation price of $3,246, yielding a floating profit of $2.49 million.
The bitcoin short position is now only $1,600 away from its liquidation price, while the ether short position is just $56 away, both facing high liquidation risks.
