An on-chain report shows the whale secured profits from part of its short exposure, yet retains a significant leveraged bet against Bitcoin.
An on-chain analyst reported that a long-time Bitcoin whale closed a short position of 800 BTC, netting $2.39 million in realized gains. The trader continues to hold 1,300 BTC in short positions valued at $141 million, with $3.1 million in unrealized profits. This marks a shift from the previous 900 BTC short stance, indicating active management of the leveraged position amid market movements.