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A long-term Whale shorting BTC made a profit of 9 million dollars from the funding rate, while the short order has unrealized gains of 10 million dollars.
According to Mars Finance news on November 13, HyperInsight monitoring indicates that the “Whale (0x5D2) who opened short positions on BTC four times” has accumulated a profit of 8.97 million USD from a 20x BTC short order established on May 9, settled through the funding rate. The current BTC position size is approximately 127 million USD, with unrealized gains of 10.05 million USD (160%) at an average price of 111.5 thousand USD, making it the top 1 BTC short position on Hyperliquid. Previously, it was reported that this address opened large BTC short orders four times this year, all recording losses totaling approximately 5.48 million USD. This BTC short order partially closed to take profit 40% of the position after October 11, recording a profit of about 5.17 million USD.