Bitcoin Price Surge Impacts Major Whale's Short Positions

According to ChainCatcher, data from Hyperbot indicates that a prominent Bitcoin whale, known for consistently shorting BTC, has faced significant losses as Bitcoin's price began to rebound last night. The whale, identified by the address 0x5D2...9bb7, had previously maintained four consecutive short positions on Bitcoin. However, the recent price increase has forced a reduction in their 20x leveraged long position, which now stands at 884.4 BTC with a liquidation price of $101,294.8. The overall daily floating loss for this position is approximately $6.4 million. Currently, the whale has placed three limit buy orders in the price range of $67,244 to $91,745, totaling 1,500 BTC. This strategic move indicates a shift in their trading approach amidst the volatile market conditions.