Swing trader earns 12.5 million USD from BTC short positions in 2 months, with funding fee income accounting for 9.6 million USD

2025-12-24 14:30:11

Abstract generation in progress

【ChainWen】I came across an interesting trading case. A swing trader (0x5d2) played very aggressively this time — using a BTC short position opened two months ago, they directly locked in a profit of $12.5 million (realized + unrealized).

What’s the most amazing part? The funding fee income from this trade alone reached $9.6 million. That means, just by the passage of time and the accumulation of funding fees on the short position, they earned the majority of the profit. This is why veteran traders like to say “lying down to win” — it really exists.

In addition to this main position, the trader also holds $3.5 million worth of BTCB on BNB Chain. Judging from the allocation, it’s clear they are optimistic about BTC’s long-term performance, while also hedging risk through derivatives. This multi-chain, multi-asset allocation strategy is common among large investors.

BTC-0.16%

BNB0.61%

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