Whale sniper-style shorting 1,232 BTC, on-chain bets on a decline have already netted millions of dollars

On-chain monitoring shows that a seasoned short seller has a 20x leveraged short position of 1,232 BTC, with a total exposure value of over $108 million. This trade has currently accumulated an unrealized profit of $28.7 million, and the user has placed take-profit orders at two key levels: $75,819 and $79,919.

This operation reveals market participants’ views on short-term price pressure. From the current BTC level near $90,770, the original take-profit positions have become invalid, indicating that the short seller has taken profits at higher levels or adjusted their strategy. A single short position of 1,232 BTC is not uncommon in the market, but the ability to precisely set multiple take-profit points and profit over ten million dollars in a leveraged environment demonstrates that this account has a mature risk management system.

It is worth noting that such large short positions often indicate phased profit-taking or technical pressure, and the market should watch for subsequent chain reactions such as liquidations or stop-loss triggers.