A giant whale bought 132 WBTC and then began to reduce its position and go short on the GMX platform.

According to on-chain analyst Yu Jin's monitoring, a certain whale continued to spend 8.8 million USDC to buy 132 WBTC, and began to reduce the short position on the GMX platform:

• In the past few days, he has cumulatively spent 17.95 million USDC to buy 278.8 WBTC on the chain, with an average price of 64,400 US dollars.

• The short position of BTC on the GMX platform was reduced from 20.5 million US dollars to 13.8 million US dollars; the short position of ETH was reduced from 7.61 million US dollars to 6.9 million US dollars.