According to Odaily, the social media account known as “Set 10 Big Goals First” disclosed that it has closed a BTC short position totaling 3,173.608 BTC. The account said the closed short trade generated cumulative profit of more than $9.46 million. The disclosed position was tied to Bitcoin, and the profit figure was reported in U.S. dollars.
After closing the short position, the whale shifted its trading direction from short to long. The new position disclosed by the account is a 999.121 BTC long position, with an entry price of $62,682.17. The update therefore includes three key figures: the 3,173.608 BTC short position that was closed, the more than $9.46 million in cumulative profit, and the 999.121 BTC long position opened afterward.
In contract trading, a short position generally represents a bearish direction, while a long position represents a bullish direction. The main change in this disclosure is that the whale moved from a large profitable BTC short into a newly opened BTC long position. The post provided the closed position size, profit amount, new long position size and entry price.