A whale executed a "lightning reversal" to take profits on its long BTC positions, resulting in a total unrealized loss of $930,000.

The whale known as "Lightning Reversal" (starting with 0x50b3) continued to take profits and reduce its BTC long positions today. It is currently still long on 11.8927 BTC (approximately $1.09 million) with 20x leverage, with a floating profit of $17,000; and short on 11,366.46 ETH with 14x leverage, with an average entry price of $3,073.66 and a floating loss of $949,000.