【Whale Tracking】 The largest BTC short-seller from yesterday’s trades saw a short-term strategy work out, taking profit of about $974k

BlockBeats, July 17: According to Hyperinsight monitoring, the major whale that opened a BTC short position worth about $45.9 million overnight successfully took profit and exited the trade. This morning, BTC fell below its preset take-profit level of $63,500, triggering a full position close.

Compared with the entry average of about $64,939.8, this short has realized a profit of about $970,000; after deducting total opening and closing fees of about $33k, the net profit is about $941k.

After being inactive for more than 20 days since yesterday, the address re-entered the market, establishing a BTC short position with 5x isolated margin leverage, and setting tiered take-profit levels and a full-position stop-loss in advance. In the early hours today, it further tightened risk control by adjusting $63,500 to the full-position take-profit trigger. Then, as the market moved downward as expected, the take-profit strategy was successfully executed.

From yesterday’s entry, setting take-profit and stop-loss, to today’s trigger for closing the position, this short was held for about 29 hours throughout. As of the time of publication, the address has cleared its position and has no open orders. BTC is trading at about $63,533.5, and the whale has temporarily stepped aside.

Yesterday’s news: 【Whale spotted】How will BTC move in the short term? Today’s largest new position is set with a three-tier script totaling $45.9 million