Insane — over $160M profit in just 30 hours! 😱This #BitcoinOG has closed most of his $BTC and $ETH shorts, leaving only 821.6 $BTC($92M) short, making a profit of more than $160M!https://t.co/MB1itlh5I5 https://t.co/tAMiHB6hcuLookonchain (@lookonchain):As the market drops, this #BitcoinOG‘s $1.1B+ short positions in $BTC and $ETH are now sitting on an unrealized profit of over $27M.Did he have insider information?https://t.co/m8eNLYH45P https://t.co/nL9R9Zkecb ...

The stock of Metaplanet, a Bitcoin proxy firm, has corrected by 8.37% on the Tokyo Stock Exchange, extending its total correction to 70% from the highs of 1,900 JPY in mid-June. This comes as the short positions pile up from global financial giants like UBS, Goldman Sachs, Morgan Stanley, etc. Financial Giants Build Short Positions for Metaplanet Stock Data from the last week suggests that the institutional short positions in Metaplanet have seen a major shift, with some banks cutting their short positio ...