Bitcoin Short Position Yields Significant Profit Amid Market Decline

According to PANews, a prominent Bitcoin whale, known for consistently shorting BTC, has achieved substantial gains following a brief market downturn. The whale, identified by the address 0x5D2...9bb7, has seen a floating profit of $18.15 million from a 20x leveraged short position. Currently, the whale holds approximately 820 BTC, with an entry price of $111,499.3 per Bitcoin. The current liquidation price stands at $102,440.7 per Bitcoin.