Data: Whales holding short positions in BTC for nearly 5 months turned a profit due to the market crash, but are now facing losses exceeding 4.8 million dollars

ChainCatcher message, Lookonchain monitoring, the whale address 0x5D2F has held a Bitcoin (BTC) short position for nearly 5 months, which once had an unrealized loss of about 27 million dollars. The recent market crash briefly brought its position back to break-even and turned it profitable, but the address did not fully close its position.

As the market rebounded, its short position fell back into a loss, currently with an unrealized loss of over 4.8 million dollars, with a liquidation price of 123,260 dollars.