According to on-chain analyst Ember, the "insider whale's" short position has just been liquidated again. In fact, his position was liquidated to only $43.68 million on July 3, but he added to his position again as soon as the BTC price retraced slightly. The initial margin of this $16.28 million short order is now only $0.80 million, and this short has already lost $15.48 million.
The remaining position after multiple liquidations is $47.34 million:
40x short order of 368 BTC, worth $40.05 million, opening price of $107,724.00, liquidation price of $109,196.00;
25x short order of 2,846 ETH, worth $7.28 million, opening price of $2,452.00, liquidation price of $2,611.00. [Odaily星球日报]

The remaining position of the "insider whale" after multiple liquidations is $47.34 million.