PANews reported on January 22nd that, according to Ember Observation, a market rebound of approximately 4% at 3 AM resulted in the liquidation of one-third of the short positions held by trader 0xD83…Fd7, totaling approximately $332 million. Unrealized profits plummeted from $24 million to $4 million. High-leverage rolling positions have extremely low tolerance for error; even a slight price reversal can wipe out all profits or result in a loss of principal. Currently, this address has partially covered its short positions and still holds approximately $266 million in short positions.