A large whale that opened a roughly $45.9 million Bitcoin short on the previous day has exited the position at a profit, according to monitoring data from Hyperinsight cited by BlockBeats. The position was fully closed after BTC fell through the whale’s preset take-profit level at $63,500 on Thursday morning. Based on an average entry price of about $64,939.8, the trade generated around $974,000 in profit. After combined opening and closing fees of about $33,000, net profit came to roughly $941,000. The address had returned to the market after more than 20 days of inactivity and used 5x isolated leverage to build the BTC short. It had also set tiered take-profit orders and a full-position stop-loss in advance. Early Thursday, the whale tightened risk controls again by adjusting $63,500 as the trigger for a full take-profit exit. The position was held for about 29 hours from entry to closure. As of publication, the address had no open position and no pending orders, while BTC was quoted at about $63,533.5.
BlockBeats reported on July 17, citing Hyperinsight monitoring data, that the whale behind a roughly $45.9 million BTC short opened the previous day has exited the trade after hitting its profit target.
On Thursday morning, BTC fell below the preset take-profit level of $63,500, which triggered a full position close. Using an average entry price of about $64,939.8, the short generated an estimated profit of roughly $974,000. After total opening and closing fees of about $33,000, net profit stood at around $941,000.
The address had been inactive for more than 20 days before returning to the market yesterday. It opened the BTC short using 5x isolated leverage and had already set tiered take-profit levels together with a full-position stop-loss. Early on Thursday, the whale tightened its risk settings by adjusting $63,500 as the trigger level for taking profit on the entire position. The market then moved lower and the strategy played out as planned.
From entry and the initial take-profit and stop-loss setup yesterday to the closeout today, the position was held for about 29 hours. As of publication, the address had fully cleared the position and had no pending orders. BTC was quoted at about $63,533.5, and the whale was temporarily out of the market.
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