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Whale Closes 1,000 BTC Short Position, Earns $23.2M in Profits

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A whale with the address pension-usdt.eth closed a 1,000 BTC short position, earning $960,000 in profits. The move was part of a broader position trading strategy, with the whale immediately taking a long position of 358.86 BTC. The address has now realized total gains of $23.2M. Position sizing appeared well-calibrated, balancing risk and reward effectively. The short position was worth around $89.6M, and the long position valued at $32.2M.
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