[Long-term BTC short whale funding rate profit of $8.97 million, unrealized profit of $10.05 million]
On November 13, according to monitoring by HyperInsight, the whale address (0x5D2), which has repeatedly opened BTC short positions, opened a 20x BTC short position on May 9 and has accumulated $8.97 million in profit through funding rate settlements. Currently, the BTC holdings of this address are valued at approximately $127 million, with unrealized profits of $10.05 million (160%) and an average holding price of $111,500. This address ranks first in BTC short positions on the Hyperliquid platform. Previously, this address opened large BTC short positions four times this year, resulting in a total loss of approximately $5.48 million. For this short position, 40% of the position was partially closed for profit-taking after October 11, recording a profit of approximately $5.17 million.