An on-chain analyst reports the trader closed part of his bearish bet for $2.39M profit, retaining a 1,300 BTC short worth $141M.
An on-chain analyst revealed that an 'insider whale' closed a short position of 800 BTC, securing $2.39 million in profit. Despite this partial closure, the trader retains a significant short position of 1,300 BTC, valued at approximately $141 million, with unrealized gains of $3.1 million. The large-position activity signals continued bearish expectations from this individual in Bitcoin markets.