Whale closes $49.59M Bitcoin short position at a loss

A whale investor closed a $49.59 million Bitcoin short position with 4x leverage after less than seven hours, resulting in a $114,000 loss. This marks the third consecutive loss for the whale's shorting activities, totaling $547,000. The investor currently maintains a 4x leveraged long position on 20,000 ETH, with an unrealized profit of approximately $10.71 million.