After incurring a substantial loss, the whale realizes a profit while maintaining a significant remaining stake in Bitcoin.
On July 15, an on-chain analyst revealed that the insider whale 0x960B closed a short position of 319.68 BTC for a profit of $205,000, following a loss of $9.57 million incurred from July 11 to July 14. The whale retains a remaining position valued at $67.29 million, currently showing an unrealized profit of $367,000.