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Smart money addresses shorted BTC twice in a row, earning $8.65 million, and reopened a $27 million short position.
According to TechFlow news on March 27, the on-chain analysis platform Lookonchain (@lookonchain) has monitored that the smart money address 0xb798 previously made two consecutive short trades on BTC, totaling a profit of $8.65 million. One hour ago, this address opened a new position again, establishing a new short position on 410 BTC (approximately $27 million) with 2x leverage.