The whale's biggest position currently is a WETH/USDC short with $1.3 million in profit, and no positions have been closed yet. However, the whale reportedly still holds a considerable amount of BTC and Ethereum in addition to their opened short positions.
Shorting refers to the act of borrowing an asset and selling it with the expectation that the price will decrease, allowing the borrower to buy back the asset at a lower price and return it to the lender, profiting from the difference.
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