Whale Closes BTC Short Position with Loss, Opens New Long Position

According to PANews, HyperInsight monitoring has revealed that a major whale recently closed a Bitcoin short position, incurring a loss of $65,000. Subsequently, the whale opened a new long position with 40x leverage, involving 196.88 BTC, valued at approximately $17.95 million. The average opening price for this position was $91,447.2, resulting in an unrealized loss of $50,000.