A whale cut losses on 1,184.74 BTC to avoid liquidation of Bitcoin short positions

According to on-chain analyst Ai Yi's monitoring, address 0x94d...33814 once held short positions on BTC and ETH exceeding $100 million. During tonight's surge, it proactively cut losses on 1,184.74 $BTC to avoid liquidation (over $90 million, although there were multiple instances of adding to the position during this period). Since April, it has accumulated losses of $13.221 million, with total account losses reaching as high as $43.806 million.