[Four Consecutive Short Positions on BTC by Whale Yield $12.99 Million in Unrealized Profit] On-chain analysis shows that since March 2025, a whale who has consecutively shorted BTC four times increased their positions multiple times between October 24 and 28. They currently hold 1,231.98 BTC short positions, valued at $124 million, with an average entry price of $111,499.3. The current unrealized profit stands at $12.99 million.