Total loss of approximately $38.8 million: an address flipped from BTC long to short, now holding about $28.2 million in short positions

Odaily reports: According to Odaily monitoring, an address flipped from BTC long to short between 11:20 and 12:28 today, first closing approximately 377.86 BTC in long positions valued at about $27.86 million, then opening approximately 382.84 BTC in short positions valued at about $28.2 million. Its contract account has accumulated losses of approximately $38.8 million.

Address: 0x1f250df59a777d61cb8bd043c12970f3afe4f925