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A major whale made over $30 million in unrealized profits by shorting Bitcoin 20x, earning $9 million from funding rates alone.
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Jinse Finance reported, according to OnchainLens monitoring, a certain "ultimate short" whale is holding a 20x leveraged bitcoin short position, currently with a floating profit of $30 million, and has earned over $9 million from funding fees. The opening price was $111,400, with a position size of 1,231 BTC.
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