The largest short position in silver on the chain has been reduced by $4.4 million

According to Hyperinsight monitoring, spot silver prices have continued to rise this month, breaking through $94 at one point last night and this morning. Starting from January 28th, the floating loss of the blank silver address 0x8af of the giant whale has expanded to 1.28 million US dollars, with a loss margin of 85%. At present, the address still holds a SILVER short order size of approximately $10.47 million, with an average price of $83.1 and a liquidation price of $105. In the past 5 days, the address has accumulated approximately 4.4 million US dollars in closed positions.