Odaily reported that the social media account known as “Set 10 Big Goals First” disclosed the closing of a large BTC short position. According to the information shared publicly by the account, the position involved 3,173.608 BTC and generated cumulative profit of more than $9.46 million after being closed.
In futures or contract trading, a short position generally represents a bearish direction, while closing the position means the trade has been ended and its profit or loss has been settled. The key point in this disclosure is the shift in trading direction: after closing the 3,173.608 BTC short, the whale did not stop at the exit but moved into a long position.
The same disclosure stated that the whale opened a new 999.121 BTC long position after the short was closed. The entry price for the new long was $62,682.17. A long position represents a bullish direction, so the publicly disclosed position has changed from a BTC short to a BTC long. All figures come from the social media disclosure by “Set 10 Big Goals First.”