Whale Successfully Closes $18.3M BTC Short Position with Nearly Break-Even Exit

Whale Exits $18.3M BTC Short Position with Near Break-Even Trade

According to HyperInsight monitoring, on January 23, a whale address (0xa33…) closed its 206 BTC short position within half an hour, valued at approximately $18.36 million. The exit price closely matched the opening average price of around $89,280 per BTC, resulting in a nearly break-even trade.

Notably, shortly after the position was closed, the address initiated significant fund withdrawals, moving the majority of its balance elsewhere. This demonstrates a high level of risk awareness and capital management strategy.

• Closed Position: 206 BTC
• Value: ~$18.36 million
• Average Entry Price: ~$89,280
• Funds Withdrawn: Majority of balance moved

This move highlights the trader’s disciplined approach and strategic execution in the volatile crypto market, offering valuable insights for investors tracking whale activity.