Bitcoin (BTC) Whale Hedging: 20x BTC and ETH Shorts Drive $22M Monthly Profit with 3.7% Weekly Drawdown, On-Chain Analysis

Smart money flows are spotlighted by COINOTAG via CoinBob’s on-chain analysis, highlighting a leading wallet that has been adding spot BTC and ETH while deploying contract shorts to hedge against broad altcoin risk. Total contract exposure stands around $35.23 million, with an unrealized profit near $9.9 million (~502%), and weekly and monthly gains of $5.6 million and $22.12 million, respectively. The week’s maximum drawdown is limited to 3.7%, signaling disciplined risk control.

Portfolio granularity shows concentrated legs: BTC 20x with roughly $15.9 million risk and $2.8 million unrealized profit (351%); ETH 20x at $14.6 million risk and $5.44 million unrealized profit (744%); and HYPE 20x at $4.12 million risk with $1.43 million unrealized profit (346%). Over six months, spot plus hedging yielded about $10.65 million in profit, with a monthly cadence near $2.2 million.