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Data: Lightning whale reverses position and closes BTC short, losing $496,000
ChainCatcher message, according to HyperInsight monitoring, the whale (0x50b30) closed a BTC short position at 17:37, incurring a loss of $496,000. Immediately, they went long with 2536.53 ETH (approximately $7.63 million) at 25x leverage and short with 84.47 BTC (approximately $7.54 million) at 20x leverage, opening a hedging position.
This address is known for its extremely rapid long-short switching, often immediately engaging in large-scale reverse positions after closing a trade.