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Bitcoin Whale Closes Short Position for $3.2M Loss as Market Rebounds
12/03/2025, 07:06
AI SUMMARY
●Whale address 0x4321 capitulates on Bitcoin short position with $3.2M loss
●Counterparty 0xfB66 maintains profitable long position amid price rebound
●Event underscores trader capitulation during Bitcoin's recovery to $93k
On-chain analysis indicates that a significant Bitcoin short position held by address 0x4321 has been closed, resulting in a realized loss of $3.2 million. The closure comes as Bitcoin prices rebounded above $93,800, forcing the trader to capitulate.
Conversely, another whale address, 0xfB66, continues to hold a long position established at lower levels, currently sitting on over $2.5 million in unrealized profit. The data highlights the contrasting fortunes of large-scale traders during the recent volatility.