A certain long-term Whale shorting BTC profited 9 million dollars from the funding rate, while the short order had unrealized gains of 10 million dollars.

BlockBeats news, on November 13, according to HyperInsight monitoring, a “whale” (0x5D2) that opened “four short orders of BTC” had a 20x BTC short order established on May 9, which has accumulated a profit of 8.97 million USD through funding rate settlement. The current BTC holdings scale is approximately 127 million USD, with unrealized gains of 10.05 million USD (160%), an average price of 111,500 USD, making it the top 1 short position on Hyperliquid. Previously, this address had opened large BTC short orders four times this year, all recording losses totaling approximately 5.48 million USD. This BTC short order partially closed for a take profit of 40% of the position after October 11, recording a profit of about 5.17 million USD.