BTC Short Position Yields Significant Profit for Whale Trader

According to BlockBeats, a prominent contract trader known as 'Set 10 Big Goals First' has reported substantial gains from a recent Bitcoin short position. The trader revealed on social media that the position, opened on July 23, has generated over $8.5 million in floating profit within two days, achieving a return rate of 24.47%. Previous data indicated that the trader's short position involved 1,817 BTC, with the position valued at $217 million at the time of opening. The entry price for the position was $119,425.