An address closed its long BTC position and opened a short position, resulting in a total loss of $38.8 million in its futures account.

Between 11:20 and 12:28 today, an address switched from a long position to a short position in BTC, closing out a long position of approximately 377.86 BTC, worth approximately $27.86 million, and subsequently opening a short position of approximately 382.84 BTC, worth approximately $28.2 million. The contract account at that address has accumulated losses of approximately $38.8 million. Address details: 0x1f250df59a777d61cb8bd043c12970f3afe4f925