Woofun AI reports that a prominent market participant successfully closed a BTC short position worth approximately $45.9 million, realizing a gross profit of $0.974 million. The trade, initiated with 5x leverage after a 20-day dormancy, utilized automated take-profit and stop-loss mechanisms to manage risk.

The position was held for roughly 29 hours before BTC prices fell below the preset trigger level of $63,500, causing full liquidation of the short. After deducting $0.033 million in fees, the net gain amounted to $0.941 million. As of the report, the address holds no open orders, with BTC trading near $63,533.5.