The "ultimate short seller,"a whale, has made over $18 million in unrealized profits from a Short short position in BTC, with $9.56 million coming from funding fees alone.

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On December 14th, according to HyperInsight monitoring, the "ultimate short"whale(0x5D2) held a 20x leveraged short position in Bitcoin, currently showing a floating profit of $18.11 million and a gain of $9.56 million from funding fees. Its opening price was $111,400, and its position size was 820 BTC.

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