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The short position for BTC and ETH results in a loss of $8.6 million for the bearwhale dealer according to Gate news bot. During the recent bullish market trend, the bearwhale trader 0x5D2F recorded significant losses in short positions in BTC and ETH, totaling over $8.6 million. In response to market movements, the trader deposited 8 million USDC to increase margin and prevent liquidation. The current positions held by 0x5D2F include short positions of 2,041 BTC ( valued at $236 million ) and 500 ETH ( valued at $2.25 million ).