PANews reported on December 23 that, according to Arkham, a whale with the address 0x5d2 realized and unrealized profits of $12.5 million through two months of Bitcoin shorting. The trading began at the end of October, with a total short position of $63.6 million.

In addition, the account has accumulated $9.6 million in funding fees in this transaction, while holding $3.5 million worth of BTCB (Bitcoin assets on the BNB chain).