Trader Closes 125 BTC Long With $404K Loss, Opens $6.95M Short at 10x Leverage

A trader closed a 125 BTC long position at 14:11 on January 19, realizing a loss of $404,000, Hyperinsight data show. The same address then opened a short position of 75 BTC with 10x leverage, worth about $6.95 million, at an average entry price of $92,388.7 and is currently facing an unrealized loss of $25,000. The address mainly trades BTC perpetual contracts in cross-margin mode with frequent large-sized entries and exits, and has achieved total profits of $2.93 million over its full trading history.