An insider trader's $250 million short position has been largely liquidated, leaving a remaining $43.68 million

According to the monitoring of Yu Jin, the user "Insider Brother" @ qwatio was liquidated and reduced 8 times in a row for short positions last night. The short position of 250 million US dollars was mostly liquidated, and currently only 43.68 million US dollars remain. The opening margin for this position was $16.28 million, and now there is only $1.2 million left. Short selling operations have resulted in a loss of $15.08 million. However, the user as a whole is still in a profitable state, having previously accumulated a profit of $26 million through three addresses. Even if they take back $15.08 million in profit, they still have a profit of $10.92 million. At present, the user's remaining short positions include 237 BTC (worth $25.82 million, opening price $106697, clearing price $111040) with 40 times leverage and 6948 ETH (worth $17.86 million, opening price $2452, clearing price $2646) with 25 times leverage.