COINOTAG News, citing Arkham Monitoring, reports that a prominent whale trader realized and unrealized gains totaling $12.5 million from a BTC short held for about two months. The extended holding period produced a funding fee of roughly $9.6 million, underscoring the cost dynamics of sustained leverage over time.

The report also notes that the trader holds about $3.5 million in BTCB on the BNB Chain, signaling cross-chain exposure among large holders and broader network activity in cryptocurrency markets.