A whale closed out a $49.59 million BTC short position, incurring a cumulative loss of $547,000 from three short trades.

TechFlow reports that on September 8, according to on-chain analyst Ai Yi, a whale previously executed a 4x leveraged short on $49.59 million worth of BTC, was stopped out after holding for less than 7 hours, and incurred a loss of $114,000 in this trade. This address also closed two previous BTC shorts at a loss, accumulating a total loss of $547,000 across the three short positions.

Currently, the whale maintains a 4x leveraged long position in 20,000 ETH, with an unrealized profit of approximately $10.71 million.