Bitcoin surged, Garrett Jin's unrealized profit exceeded $7.76 million, and Abraxas, the largest on-chain Bitcoin short position holder, saw its unrealized loss widen.

BlockBeats news, September 21 - According to TradingBeats monitoring, as Bitcoin briefly broke through $84,000, the only remaining contract position under the Garrett Jin account, a 3x Bitcoin long, has now seen unrealized gains rise to $7.76 million.

However, one man's joy is another man's sorrow. A long-term ETH diamond hand's Bitcoin short position worth $10.16 million was liquidated half an hour ago. In addition, as the largest group holding Bitcoin shorts on Hyperliquid, the two major addresses of Abraxas Capital have reported unrealized losses of $23.51 million and $17.11 million, respectively, on their Bitcoin short positions.