A well-known short seller, who previously amassed a total profit of $86.36 million, is currently facing a floating loss of $4.06 million on 29 short positions. These positions include a basket of 28 altcoins such as ZEC, TON, NEAR, and LIT, as well as crude oil (CL), with a total position value of $47.66 million. The trader continues to increase their short positions despite the losses. The turning point occurred on May 4, when the market began to rise following the anticipated end of a conflict, reversing previous gains.