Bitcoin Drop Below $85K Triggers $30M Profit on Leveraged Short
On-chain data shows a Bitcoin whale closing 20 BTC shorts for $501K profit, while keeping over 1,000 BTC in shorts and setting buy orders near $67K.
BTC
Summary
On Dec 2, on-chain analyst Ai Yi reported that a Bitcoin whale closed 20 BTC in short positions, realizing $501,000 profit. Since March 2025, this trader has earned over $57.58 million from four BTC shorts and still holds 1,081.98 BTC short, with $26.83 million in unrealized gains. Buy orders totaling 1,300 BTC are placed between $67,244 and $67,844, suggesting possible plans to cover positions if prices reach this level.
Terms & Concepts
- Leverage: The use of borrowed funds to increase the potential return of an investment, magnifying both gains and losses.
- Liquidation Price: The specific price at which a leveraged position is automatically closed to prevent further losses.
- Short Position: An investment strategy where the trader profits from a decline in the price of an asset.