long-term BTC whale
A long-term bear whale in Bitcoin has secured a profit of $9 million through the funding rate, while also maintaining $10 million in unrealized gains from their short position. This whale, known for its sustained bearish stance, has benefitted significantly from current market conditions. The $9 million profit highlights the impact of funding rates in cryptocurrency trading. Meanwhile, the unrealized gains from the short position indicate that the whale is still betting on Bitcoin’s price decline. Holding such substantial unrealized gains suggests confidence in this strategy amidst ongoing volatility in the cryptocurrency market.
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