Since March of this year, a giant whale that has shorted BTC four times in a row now has an unrealized profit of up to 23.7 million dollars

According to on-chain data monitoring, since March of this year, the BTC whale that shorted with 20x leverage has seen a floating profit of up to $23.7 million after four consecutive short positions. This whale opened a short position at the price of $10,846.71, and at one point faced a floating loss of $12.81 million due to Bitcoin rising above $120,000. However, it continued to increase its position until October 28, and since then, the position has remained unchanged. Currently, its short position holds approximately 1,231.9 BTC, with a position value of $113.6 million and a liquidation price of $101,637.7.