A trader liquidates a $304 million short position, aiming to take profit in the $83,000 to $85,000 range

BlockBeats News, January 21st, according to EmberCN monitoring, a trader with the address "0xD83...Fd7" has increased $3 million funds to $18.5 million in nearly 6 days through a cascading liquidation short. In the early morning today, the trader is still adding to the short position, currently holding a short position worth $304 million.

According to the current orders, the trader plans to gradually close the short position for profit-taking in batches at BTC $83,000 - $85,000 and ETH $2,200 - $2,905.