Whale Reduces Bitcoin Short Positions, Profits $1.175 Million

According to Odaily, a significant Bitcoin whale, identified as 0x5D2...9Bb7, has reduced its short positions by 50 BTC within the past hour, resulting in a profit of $1.175 million. Since March 2025, this entity has consistently shorted Bitcoin, currently holding 1,181.98 BTC in short positions with an unrealized profit of $28.17 million. Additionally, the whale has earned over $9.33 million through funding fees, contributing to a total profit exceeding $56.34 million since 2025. The address has also placed a take-profit limit order for 1,300 BTC within the price range of $67,244 to $67,844.