Whale Triggers Stop-Loss on 1,600 BTC Short, Cuts Position by 200 BTC

According to a report from BlockBeats dated August 6, on-chain monitoring by Yu Jin revealed that a whale who had established a short position of 1,600 BTC, valued at approximately $102 million, the previous day, saw a stop-loss for a $13 million portion of that position triggered in the early hours of today. The trigger occurred as Bitcoin's price rebounded, and the liquidation price for that triggered position was $64,889. The same whale had previously set a series of stop-loss orders within the price range of $64,885 to $68,254, with each individual order sized at 50 BTC. As of the latest data, four of these stop-loss orders have been executed, resulting in a total reduction of 200 BTC from the short position. The realized loss from these executions amounts to $146,000. After this reduction, the whale continues to hold a short position of 1,400 BTC, which is worth roughly $90.54 million. The most recent liquidation price for the remaining position has been updated to $64,998. These figures come from Yu Jin's monitoring data, as relayed by BlockBeats. The initial short was opened the previous day, and the stop-loss orders were placed immediately after, according to the monitoring data.