On-chain analyst Ai Yi said whale @Jason60704294 exited a $209 million Bitcoin short for a $9.467 million gain, then opened a new 999.121 BTC long worth $62.62 million.
A Bitcoin whale identified by on-chain analyst Ai Yi as @Jason60704294 closed a 3,173.6 BTC short position worth about $209 million overnight, locking in a $9.467 million profit before reversing into a new 999.121 BTC long worth $62.62 million. The short was opened at $65,907.13 and closed at $62,916.04, while the long was entered about an hour later at $62,682. June trading profit for the whale has reached $12.85 million with a 66.7% win rate. The move underscores how large derivatives traders can quickly switch from bearish to bullish positioning as market conditions change.