PANews reported on March 26 that, according to HyperInsight monitoring, a whale with the 0x74d entry point briefly closed all of its BTC short positions at an average 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, the address chose to close out its short position, which had been held for 33 hours, and recorded a profit of approximately $265,000 in this transaction.