Data: A certain whale continues to short BTC for profit, with funding fee earnings reaching $8.77 million

According to ChainCatcher, on-chain analyst Ai Yi (@ai 9684xtpa) has monitored that a whale trader, who has shorted bitcoin four consecutive times since March 2025, has once again made a profit. The trader currently holds a short position of 1,231.98 BTC, valued at approximately $124 million, with an average entry price of $111,499.3.

Although the trader increased their position several times between October 24 and 28, as the bitcoin price dropped on November 3, their position has returned to profitability. Notably, the trader has earned over $8.77 million solely from funding fees.