A giant whale lost $10 million after selling short BTC for $2.47 million

According to on-chain analyst Ember Monitoring, a giant whale bottom fishing BTC at $85,751 at the end of March. If he got it now, it would be a profit of more than $10 million. But in mid-April he cut meat at $84,426, and BTC rose to $110,000 a few days later. After he sold out of stock, he also borrowed 124 WBTC to sell short at $84,558. The 124 WBTC sold short bought back for repayment at $104,444 10 hours ago, losing $2.47 million. After the repayment was empty, he bought 16,638 ETH with 43.36 million USDT, with an average purchase price of $2,606. The current ETH price is already $100 below his purchase price. Another loss of $1.66 million.