Short selling cryptocurrency assets worth $48.78 million at a certain address, resulting in a cumulative floating loss of $644000

According to on chain analyst @ ai_9684xtpa monitoring, address 0xaea... c2416 shorted cryptocurrency assets worth $48.78 million with 20 times leverage, including 430.63 BTC worth $27.83 million, SOL 181, 245.04 pieces worth 13.48 million US dollars, ETH 4, 280.35 pieces worth 7.46 million US dollars, with a cumulative loss of 644000 US dollars.