A BTC whale that had built a short position (a bet on lower prices) valued at $114 million has effectively lost $978,000 after trimming the trade three times in a week to stem losses. Monitoring by on-chain analyst Ai Yi shows the trader cut another 650 BTC at 20:30 last night, realizing a $167,000 loss, before adding back 269.35 BTC at 23:00. The position now stands at $89.79 million, or 1,412 BTC, and is currently showing a floating profit (unrealized gain) of $456,000.