So essentially, there is a person out there who went margin long somewhere between $250k and $750k worth of BTS, depending on how much he shorted to himself. (That would be something like 15 to 50 million BTS). Divide by 3 due to collateral, to show how many shares of BTS he was essentially long on margin.
And he is going to get a margin call in a few days, or have to cover before it happens.
And bytemaster is going to use these funds to buy the low that is created by this margin call.