Giant Whale @ qwatio has reduced its BTC short position by half with a stop loss, resulting in a loss of $2 million in principal

According to Yu Jin, BTC short major investor; Insider Brother; Qwatio cut its BTC short position by half 20 minutes ago. After a loss of $26 million in profit, the current principal has lost $2 million, leaving only $1 million. Its loss pattern on the Hyperliquid platform is similar to that of other large loss takers, as it frequently rolls positions, encounters volatile market conditions, and is stopped or liquidated, resulting in significant losses. Currently, qwatio still holds BTC short positions worth $62.5 million, with a liquidation price of $115368.