A certain address shorted BTC and ETH 8 times in two days, resulting in a cumulative loss of 3.28 million US dollars

According to Lookonchain monitoring, a certain address has attempted to short BTC and ETH a total of 8 times in the past two days, but all attempts have failed, resulting in a cumulative loss of $3.28 million, and the BTC short position at the address has been fully liquidated.