Giant Whale Address 0xcbd... Flatten 40 times leveraged BTC short position, cleared at $70600 USD

On March 12th, Hyperinsight monitoring showed that during the past half hour, BTC rose by over $70000 for a short period of time, and the address 0xcbd... continued to spread out 40 times leveraged BTC short positions, once again increasing holdings of about 23.3 BTC (approximately $1.6 million). After accumulating holdings, the position size of the address reached 3.12 million US dollars, with an average opening price of 69556 US dollars. The current floating loss is 16%, and the position was opened 3 hours ago. At the same time, the address has placed take profit orders in the range of $69200 to $69450 and plans to liquidate them in batches at a settlement price of $70637.