According to Hyperinsight data on January 7, a whale address (0x3e56c) closed a massive $41.33M Bitcoin short position 20 minutes ago, successfully locking in $128K in profits.
Notably, after completing this large-scale transaction, the address no longer holds any BTC short positions and appears to be observing market movements without initiating new positions.
Market analysts noted that such large-scale position closures often indicate a conservative outlook on current market conditions and could signal that short-term volatility is nearing its end.