Whale Holds $124M Bitcoin Short Position with $12.99M Unrealized Gain

A whale holding 1,231.98 BTC in short contracts valued at $124 million has recorded an unrealized profit of $12.99 million, on-chain analyst Ai Yi reports. The position, with an average entry price of $111,499.3, was built through multiple additions between Oct. 24 and 28. This marks the address's fourth consecutive Bitcoin short trade since early 2025.