Yesterday, Bitcoin OG, which shorted $330 million worth of ETH with 12x leverage, made a profit of over $160 million and has closed most of its BTC and ETH short positions.

According to Lookonchain, a Bitcoin OG account profited over $160 million within 30 hours by closing most of their BTC and ETH short positions. Currently, the account's short position is limited to 821.6 BTC (approximately $92 million). Yesterday, news broke that the Bitcoin OG had shorted ETH with 12x leverage, using $30 million, worth approximately $330 million.