0x66f8 Address Stops Loss on 100 BTC, Loses $1.33M

Techub News reports, citing on-chain monitor @ai_9684xtpa, that an address beginning with 0x66f8 stopped out a position of 100 bitcoin earlier this morning. The trade produced a realized loss of roughly $1.335 million. The address initially entered the short trade on Aug. 19 at $67,338.1 per bitcoin. After closing the 100-bitcoin portion, the address still holds a 40x leveraged short position of 198 bitcoin, and that remaining position is now showing an unrealized loss of $2.514 million. The same address has accumulated total losses of about $5.91 million over the past 30 days. It has been flagged in on-chain data as a high-leverage short-position holder. According to the monitoring data, this type of high-leverage operation faces elevated liquidation risk when the market is volatile. The data also confirms that the remaining 198-bitcoin short is still active as of the latest update, so the address continues to carry leverage exposure that has not been fully unwound.