According to data from Hyperscan, the whale opened approximately 5,600 short positions in Bitcoin, with a nominal value of about $500 million, at a leverage of 40, at a price of around $83,900. However, last night, Bitcoin rebounded from the level of $82,000 to above $85,000, causing the whale’s position to turn from profit to loss. As a result, the whale urgently added $5 million in margin to increase the liquidation price.
However, after this rebound, Bitcoin lacked momentum and quickly fell back to $82,000. At the time of writing this article, the current price of Bitcoin is about $82,800, and the whale has a floating profit of over $5 million. However, the whale does not seem to intend to continue shorting. Data shows that it is currently taking profits through TWAP orders. At the time of writing this article, the whale has bought back 116 Bitcoins.
It is worth mentioning that besides the highly leveraged short positions in Bitcoin, the whale also opened 3.39 million long positions in MELANIA this morning, with a floating profit of approximately $160,000 at the time of writing this article.
