The whale who has been continuously shorting BTC since March 2025 has seen unrealized losses expand to $28.08 million.

According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that the address known as the "whale who has shorted BTC four times in a row since March 2025" now has an unrealized loss expanded to $28.08 million. One hour ago, this whale added another 4 million USDC as margin on Hyperliquid, raising the liquidation price to $130,687; the entry price was $111,386.3. This means that over the past seven months, the whale has continuously added to and adjusted the position, still holding out against a 12.5% increase.