"Insider trader" closes BTC and XRP short positions at a loss, losing $3.45 million

According to a report by Jinse Finance, on-chain analyst Yujin monitored that with the mainstream rebound at 6 o'clock, the "insider trader" falllling closed his BTC and XRP short positions to avoid liquidation. This short trade resulted in another loss of $3.45 million. Five minutes after closing his positions for stop-loss, he opened new ones: continuing to short XRP. The recently closed position was a short opened at $2.71, and the new one is at $2.85. However, the liquidation price is very close, at $2.91, just two points away from the current price.