Data: A major whale's 40x BTC short position has incurred an unrealized loss of $12.84 million

ChainCatcher reports that, according to on-chain analyst Ai Yi (@ai_9684xtpa), as BTC hits another all-time high, a major whale’s 40x short position is now facing an unrealized loss of $12.84 million. The entry price for this position was $107,973.5, with a liquidation price of $126,480. Two days ago, the trader added 5.5 million USDC to the position, so there is still some distance before liquidation.