Whale Reports $30M Unrealized Gain on 20x Bitcoin Short Position
A whale holding a 20x leveraged short position on Bitcoin has accumulated over $30 million in unrealized profits, with an additional $9 million earned from funding rates, OnchainLens data show. The position, consisting of 1,231 BTC, was opened at an entry price of $111,400. The trader maintained the short amid Bitcoin's recent price movements on Nov. 21.