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21 million BTC short positions closed for profit, average closing price $69,929
Mars Finance reports that on March 26, according to Hyperinsight monitoring, a whale starting with 0x74d closed all of its BTC short positions in a short-term move, with an average closing price of approximately $69,929. The short position was built with 300 BTC, worth about $20.97 million, with an entry price of $70,472. After BTC dropped below $70,000, this address chose to take profit and exit its position after holding it for 33 hours. The total profit from this trade was approximately $265,000.