40× short whale has again reduced its position in BTC, with losses exceeding 44 million dollars in the past month

ChainCatcher message, the Federal Reserve's interest rate meeting in September will be held on September 18. The market generally speculates a high probability of interest rate cuts at this meeting, which may have influenced the recent frequent operations of on-chain whales. According to HyperInsight monitoring, the address starting with 0xa523 has reduced its BTC short position by 168.78 coins; the current position value is approximately $6,879,500; the unrealized loss is about $1,140,000; the liquidation price is approximately $116,700, with a distance to liquidation of about 0.81%. This address has recently used about 40× leverage, with a cumulative loss of $44,450,000 in the past month; the total position value of the account is approximately $6,884,000.