PANews reported on September 6 that according to monitoring by on-chain analyst Ember, a whale has turned to shorting BTC after losing $10.67 million on ETH due to last night's non-farm payroll data and a total loss of $35.84 million on long ETH.

After closing all of its long ETH positions last night, the whale has been gradually building short positions on BTC over the past five hours. Currently, it has shorted 1,107 BTC, valued at $122 million. The opening price was $111,390, and the liquidation price was $116,824. This leaves a current unrealized profit of $830,000.