Whale Bitcoin Profits Tens of Millions of Dollars After Reducing Short Positions

NFTRegretDiary · 2026-02-09T03:07:15+00:00

A Bitcoin whale strategically closed a portion of its long-term bearish position, realizing a floating profit of $10.72 million. Initially, they shorted 499.91 BTC at $111,499 with 20x leverage. Despite reducing exposure, they maintain 389.91 BTC in a bearish stance, reflecting careful risk management.

NFTRegretDiary

2026-02-09 03:07:15

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By the end of January 2026, a Bitcoin whale with a long-term short holding record has made a strategic decision to partially close its bearish positions. According to monitoring data from HyperInsight reported by BlockBeats, this large-scale trader managed to realize a floating profit of $10.72 million from their trading activities.

Executing a Short Bet with Maximum Leverage

This Bitcoin market giant initially entered with full commitment—placing a short order with 20x leverage on 499.91 BTC when Bitcoin was priced at $111,499. This aggressive strategy was executed with the expectation that the price would undergo a significant correction. After price setting and funding rate adjustments, the whale had accumulated revenue of up to $9.9967 million from the perpetual funding mechanism.

Open Positions Still Held

Although it has reduced its risk exposure, this whale continues to maintain confidence in the bearish trend by keeping open 389.91 BTC with 20x leverage. The remaining position still shows solid unrealized profits, indicating that this trader remains confident in their analysis despite locking in some gains. The decision not to fully exit the market reflects a measured risk management strategy by this major player.

Activities like this whale’s trading are often important indicators for other traders in reading the evolving market sentiment within the Bitcoin ecosystem.

BTC-2,8%

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