A Trader Aggressively Rolls Positions to Build $200 Million BTC and ETH Shorts, BTC Short Only $1,600 Away from Liquidation Price

According to on-chain analyst Yu Jin's monitoring, during the market decline at 7 AM today, a trader (0xd83...8fd7) chased the downtrend by shorting an additional 510 BTC, worth $47.3 million, bringing their total short position to $200 million. Currently, the trader holds a short position of 1,073 BTC, valued at $100 million, with an entry price of $92,469 and a liquidation price of $94,384, resulting in an unrealized loss of $280,000. They also hold a short position of 31,093 ETH, valued at $100 million, with an entry price of $3,270 and a liquidation price of $3,246, resulting in an unrealized profit of $2.49 million. The trader's BTC short is only about $1,600 away from the liquidation price, while the ETH short is only about $56 away.