A giant whale that has shorted BTC four times is still 'holding the position', with a floating loss of $12.81 million

BlockBeats news, on August 14, according to on-chain analyst Ai Yi (@ai_9684xtpa), a giant whale that has shorted BTC four times since March 2025 is still holding their position. Over two months, their 20x leveraged BTC short has changed from a floating profit of $5.74 million to a floating loss of $12.81 million, but they earned $4.33 million through funding fees.