Bitcoin Whales Lock in $6M Profit as BTC Longs Are Closed and 10x Leveraged Short Reaches $235M
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News, citing on-chain analytics from CoinBob, reports that around 22:00 yesterday, Bitcoin rallied modestly in response to geopolitical headlines about Europe and Ukraine, with BTC rising roughly 5.7% and Ethereum (ETH) advancing about 6.3%.
An address linked to the monitored BTC Whale (0xc2a) began trimming long exposure, closing about $179 million in BTC longs and $120 million in ETH longs from 1:00 AM to 4:00 AM, delivering realized gains exceeding $6 million.
Meanwhile, the principal BTC Whale address (0xb31) held a 10x leveraged BTC short, elevating exposure from $124 million to $235 million at 1:00 AM; after the price slid, the short’s unrealized return surpassed 30% by noon.
By the afternoon session, the associated BTC Whale address carried a long position near $289 million, roughly twice the size of the main address’s short, signaling a shift in on-chain balance and risk.