A Whale Who Shorted BTC Four Times in a Row Is Still Holding Positions, Facing an Unrealized Loss of $12.81 Million

According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that the whale who has shorted BTC four times in a row since March 2025 is still holding their position. Over the past two months, their 20x leveraged BTC short position has shifted from an unrealized profit of $5.74 million to an unrealized loss of $12.81 million, but they have earned $4.33 million through funding fees.