A whale liquidated short positions during the Bitcoin rally, losing over $1.6 million

According to BlockBeats, on May 8th, according to Lookonchain monitoring, a whale liquidated short positions during the Bitcoin rally, losing over $1.6 million. The whale once shorted BTC with leverage of 11 times and 40 times. The holding size reached 127.7 million US dollars, with liquidation prices of 104600 US dollars and 103470 US dollars respectively.