According to @EmberCN on X (source: x.com/EmberCN/status/1971745312449716456), trader @qwatio reduced a BTC short by 166.6 BTC to avoid a $110,399 liquidation level during a rebound, realizing a $220,000 loss. According to @EmberCN on X (source: x.com/EmberCN/status/1971745312449716456), after the reduction, a remaining 1,200 BTC short position valued at approximately $131 million shows a new liquidation price of $110,455, which @EmberCN stated was within $1,000 of spot at the time. According to @EmberCN on X (source: x.com/EmberCN/status/1971745312449716456), the referenced position can be tracked via the address shared by @EmberCN here: hyperbot.network/trader/0x9018960618eFF55F5852e345B7Cb5661fd2928e1 (source: hyperbot.network/trader/0x9018960618eFF55F5852e345B7Cb5661fd2928e1).