According to Lookonchain, the largest on-chain BTC short — an address starting with 0x66f8 — has covered its full short position of 2,136 BTC (~$136 million), realizing a profit of $165,000. The address then switched to the long side, opening a 200.82 BTC position (~$12.74 million) with 40x leverage.
On-chain data service Lookonchain reports that the largest Bitcoin short address on the blockchain, identified by the prefix 0x66f8, has closed its short position entirely. That position consisted of 2,136 BTC, worth roughly $136 million at the time of closure, and the address realized a profit of $165,000 from the trade.
Immediately afterward, the same address flipped to the long side. It opened a fresh long position of 200.82 BTC — approximately $12.74 million — using 40x leverage, according to Lookonchain's monitoring.
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