BTC Short Position Rapidly Expanded by Trader Known for Frequent Long Attempts

According to BlockBeats On-chain Detection, on January 12, an address labeled as '30 Times Long Attempts' (0x8d0E) quickly established a new short position in Bitcoin (BTC) and subsequently increased its short holdings. Initially, the address opened a short position of 69.34 BTC at approximately $91,091.7. About four minutes later, as the price of BTC declined, the address added 31.56 BTC to its short position, bringing the total value to approximately $2.842 million. After rolling over the position, the total BTC short position reached $9.1553 million, with an average holding price reduced to $91,022.30 and a current floating profit of about $28,900. The liquidation price is set at $146,687.61. Since the significant drop on October 11, this address has frequently engaged in intraday long trades, accumulating over 30 attempts by December, generally resulting in substantial losses with minor gains.