The trader opened the 763 BTC position on June 2 at $68,859 and exited after 36 days at $62,314, as Bitcoin's price decline turned the bearish bet profitable.
A whale trader closed a Bitcoin short position valued at about $100.15 million, locking in a realized profit of $5.28 million. The trade involved 763 BTC and was opened on June 2 at $68,859 before being closed 36 days later, one hour before the report, at $62,314. The profit reflects the drop in Bitcoin's price over that period, as short positions gain when an asset falls.