Those holding 21 million BTC short positions took profits and exited the market, with an average closing price of $69,929.

CoinFeed reported on March 26 that, according to HyperInsight monitoring, a whale with the address starting with 0x74d quickly closed all its short positions in BTC, at an average closing price of approximately $69,929. This short position comprised 300 BTC, worth approximately $20.97 million, with an average entry price of $70,472. After BTC fell below $70,000, this address chose to close its short positions, which had been held for 33 hours, for a profit of approximately $265,000.