PANews reported on November 20 that, according to Lookonchain's on-chain analysis, an investor at address 0x5D2F has been continuously shorting Bitcoin for the past six months and currently holds a short position of 1,232 BTC (approximately $113 million), with open interest profits exceeding $24 million.

On the Hyperliquid platform, the investor has made a total of over $51 million, of which $9.2 million came from funding fees alone.