A trader known as @Jason60704294 has reportedly switched from a long to a short position, opening a 501.65 BTC short at $80,837.9, valued at $40.55 million. Based on the tweet timestamp of 17:41, the estimated loss from this position is $610,000. Additionally, community speculation suggests that a 2,355.56 BTC short executed on Binance at $80,835, worth $190 million, may also belong to this trader. If true, this could result in a further loss of $2.867 million.