An address has taken 14 short positions on Bitcoin and Ether over the past five days, and all of them ended in losses, according to TradingBeats, formerly Hyperinsight. According to BlockBeats On-chain Detection, the address has accumulated losses of $4.56 million, a pattern described as the opposite of Machi, who previously repeatedly went long and was liquidated.

The address has now opened a 15th short position, placing a 40x leveraged short on 300 BTC.