Address 0x94d3... Short term reduction of nearly $50 million in BTC and ETH multiple orders

On January 19th, Coinbob's monitoring showed that the address 0x94d3... intensively reduced its BTC and ETH long positions within about half an hour, cumulatively reducing its holdings of 299.5 BTC and 7361.7 ETH, with a total value of approximately $48.6 million. After reducing holdings, the BTC and ETH long positions of the address have been basically cleared, and the total assets of the contract account are about 8.6 million US dollars. Early this morning, the address closed multiple orders in three mainstream currencies, resulting in a loss of over 15.3 million US dollars. Subsequently, it used 20 times leverage to buy multiple BTC and ETH at the bottom, with a position size of up to 53 million US dollars at one point.