According to Ai 姨 (@ai_9684xtpa), BTC has dropped below $83,000, leading to a major short position's floating profit reaching $5 million. With less than half an hour until the US stock market opens, significant volatility is expected. The tweet highlights the anticipation of a showdown between '50x Contract Big Shot' and 'Whale Hunting Squad'.

According to @ai_9684xtpa, a major trader has reduced their BTC holdings by 342.67 BTC through TWAP, decreasing their short position to $428 million with a floating profit of $3.06 million. The 'Whale Hunting Squad', led by @Cbb0fe, suggests that despite a setback, they are prepared for further action, indicating potential significant BTC price movements ahead. This strategic reduction in position by the trader is seen as a prudent move in anticipation of market volatility.