Whale’s Bitcoin Short Reversal Ends in Substantial Loss

A renowned crypto whale, identified by the wallet address 0x5D2F, experienced a rollercoaster ride with their Bitcoin short position. The position, initially down $27 million, briefly turned profitable after a market crash only to see it plummet back into a significant loss of over $4.8 million. Their liquidation price stands at a hefty $123,263, representing potential volatility in the near future. 0x5D2F’s decision to keep the position open amid a rebounding market now leaves them exposed to further upside risk.