The whale's total margin for their Bitcoin short position has reached $8.5 million, facing nearly $11 million in losses as Bitcoin prices hit new highs.
A whale that has been shorting Bitcoin since March 2025 added another 3 million USDC in margin, raising their total margin to $8.5 million. Their $133 million short position is currently experiencing a floating loss of $10.96 million due to Bitcoin's recent price surges, with a liquidation price set at $123,691.43.