Profit of $1.65 million achieved as the largest on-chain BTC short position—2,136 BTC—is closed and flipped to a 40x long position

Odaily News, according to Lookonchain monitoring, the largest on-chain BTC short address (0x66f8) has closed its short position of 2,136 BTC, valued at $136 million, securing a profit of $1.65 million. Subsequently, the address flipped to a long position, opening a 200.82 BTC long with 40x leverage, valued at $12.74 million.