According to Odaily Planet Daily, Lookonchain monitoring shows that the whale address 0x5D2F has held a short position in Bitcoin (BTC) for nearly five months, at one point incurring a loss of approximately $27 million. The recent market crash briefly recovered its losses and turned it into a profit, but the address did not fully close its position.

As the market rebounded, its short position fell into losses again, with the current floating loss exceeding US$4.8 million and the liquidation price being US$123,260.