Data: Whales holding BTC short positions for nearly 5 months turned profitable due to the market crash, but are now facing losses exceeding $4.8 million

According to ChainCatcher, Lookonchain monitoring shows that the whale address 0x5D2F has held a bitcoin (BTC) short position for nearly 5 months, at one point incurring an unrealized loss of about $27 million. The recent market crash briefly allowed this position to break even and turn profitable, but the address did not close all positions.

As the market rebounded, the short position fell back into a loss, with current unrealized losses exceeding $4.8 million. The liquidation price is $123,260.