A whale short BTC and made a floating profit of $12.5 million, with funding fee income reaching $9.6 million after holding the position for two months.

On December 24, according to Arkham monitoring, a swing trader has accumulated a total profit of $12.5 million, including realized and unrealized profits, with a short BTC position that has been held for two months.

Due to the extremely long holding period, the transaction alone generated $9.6 million in funding fees. In addition, it also holds $3.5 million worth of BTCB on the BNB Chain.