The "255BTC short whale" opens another 40x BTC short position, with a total unrealized loss exceeding $33.64 million.

PANews, February 28 — According to Onchain Lens, the “255 BTC sold to Short” whale address has newly opened a 40x leveraged BTC short position, totaling 521.69 BTC, with a notional value of approximately $34.3 million. At the same time, it still holds a 5x leveraged DASH short position, currently generating a profit of about $4 million. However, based on the overall positions, this address has accumulated a total loss of over $33.64 million.