A whale sold approximately $91 million worth of short BTC positions and immediately opened a $100 million long BTC position.

According to Lookonchain monitoring, the whale address 0x0ddf9, which was shorting BTC, has officially "surrendered" and switched from short to long positions.

On-chain data shows that the address just closed a short position of 1,000 BTC (about $91 million) at a loss of about $1.6 million, and then immediately opened a long position of 1,000 BTC (about $91 million) with 3x leverage. The current liquidation price is $59,112.