Suspected "insider trader" related address turns losses into profits by shorting BTC 40 times

Jinse Finance reported that according to on-chain analyst Ai Yi (@ai_9684xtpa), the address associated with the suspected "insider trader" @qwatio has turned its short positions profitable, with both BTC and XRP shorts currently in profit, and a total unrealized gain of $70,000. However, the BTC position is as high as $150 million, resulting in significant position fluctuations. The address associated with the "insider trader" @qwatio is shorting BTC with 40x leverage, with the current positions as follows: BTC 40x short: entry price $108,855.4, liquidation price $110,284.6; XRP 20x short: entry price $2.71, liquidation price $3.08.