A whale holding a 20,000 ETH 4x long position closed a 4x short on Bitcoin valued at $49.59 million after about seven hours, realizing a $114,000 loss. The address also lost money on its previous two BTC shorts, bringing cumulative losses across the three trades to $547,000. Its ETH position currently shows $10.71 million in unrealized profit. The short had initially been reported at $42.8 million, based on 546.69 BTC entered at $78,561.3, while the whale’s total position size was previously estimated at $92.33 million.