The "40x short whale" has once again reduced its BTC holdings, with losses exceeding $44 million in the past month.

BlockBeats News, on September 16, the Federal Reserve's September interest rate meeting will be held on September 18. The market generally speculates that there is a high probability of a rate cut at this meeting. Possibly influenced by this event, recent on-chain whale activities have been frequent.

According to HyperInsight monitoring, the address starting with 0xa523 reduced its BTC short position by 168.78 coins; the current position is valued at approximately $68.795 million; with an unrealized loss of about $1.14 million; the liquidation price is around $116,700, about 0.81% away from liquidation. This address has recently used about 40× leverage, with a cumulative loss of $44.45 million in the past month; the total account position is valued at about $68.84 million.