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A certain long-term BTC bear whale has made a $9 million profit through the funding rate, while also holding $10 million in unrealized gains from their short position.
BlockBeats News, November 13th, according to HyperInsight monitoring, the "Four Times Shorting BTC" whale (0x5D2) had previously opened a 20x BTC short position on May 9th, which has accumulated a profit of $8.97 million through funding rate settlements. The current BTC position size is approximately $127 million, with an unrealized profit of $10.05 million (160%), an average price of $11,150, and is currently the TOP 1 BTC short position on Hyperliquid.
In previous news, this address had opened large BTC short positions 4 times this year, all resulting in losses totaling approximately $5.48 million. This BTC short position partially closed after 10.11 to take profit, with 40% of the position, resulting in a profit of approximately $5.17 million.
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