A Whale Successfully Shorts BTC with Unrealized Profits Exceeding $7.5 Million

BlockBeats News, March 10th, according to LookIntoChain monitoring, a whale has shown outstanding shorting skills in the recent BTC price volatility, accumulating unrealized profits of over $7.5 million.

The investor shorted BTC around $96,500 on February 22nd, and within a week, BTC dropped below $80,000. The investor then perfectly closed the position near the $78,900 low.

After the release of a Trump executive order, BTC surged to above $94,000, and the investor precisely re-shorted around $94,424. Currently, the investor has set a new short position in the $92,449-$92,636 range and profit-taking closing orders in the $70,475-$74,192 range.