Floating profits not taken, rebound leads to cuts. 0xff84…8f1d has dropped from #1 to #6 on the BTC short leaderboard. Yesterday, 0xff84…8f1d’s short position had unrealized profits of $984K at one point, almost covering the previous $1M loss from reducing positions, but the whale still didn’t take profits. After BTC rebounded, they actively closed 900 BTC shorts, and another 288 BTC were liquidated. Including the 300 BTC reduced during the day, their position shrank from 2,000 BTC to 512 BTC, a 74.4% reduction. Just last night, they lost $581K. Currently, the whale’s remaining short position is worth $32.91M, with a cost basis of $63,581.5, an unrealized loss of $361K, a liquidation price of $64,664.47, and a liquidation buffer of only about 0.67%‼️ They’ve placed 11 new buy stop orders, which exactly cover the remaining 512 BTC. However, the trigger price for the first 50 BTC order is $64,638, only about $26 below the liquidation price. The entire laddered stop-loss strategy still depends on the first order being successfully executed to raise the liquidation threshold in time. Additionally, stats show that this account has lost $1.9568M in perpetual contracts over the past 30 days, with a maximum drawdown of 76.55%. The current account value is $1.2153M, with leverage rising to 54.17x and a margin utilization rate of 135.42%. Direct link to the address: https://www.(aicoin.com)/zh-Hans/hyper-detail/0xff84dd888de8ac2ed9a44860dc44e57025d68f1d