Bitcoin Whale Achieves Substantial Profit by Reducing Short Positions

A major Bitcoin whale, identified as 0x5D2…9Bb7, recently reduced their short positions by a significant amount, resulting in a profit of $1.175 million. This move came following consistent shorting activity from the entity since March 2025, where they currently hold 1,181.98 BTC in these positions with an unrealized gain of $28.17 million. The whale has also generated over $9.33 million in funding fees, further increasing their total profit to over $56.34 million since 2025. Adding to this, they have placed a take-profit order on 1,300 BTC within the price range of $67,244 to $67,844.