The whale closed their short position at 60.2, losing 6.99 million USD. Hype has already hit a new high, and I think it can't go further, so I entered a short position at 61.62. In a bear market environment, for a coin with such a high market cap, many large shorts have already lost and exited, so there’s no reason for it to go higher. Therefore, I am bearish, but of course, shorting requires a stop loss to prevent further rallying past the previous high and causing losses.