ChainCatcher message, according to Arkham monitoring, a certain wave trader has achieved a cumulative realized and unrealized profit of 12.5 million USD with a BTC short position held for 2 months.

Due to the extremely long holding period, the funding fee income generated from this single trade alone has reached as high as 9.6 million USD. In addition, they also hold BTCB worth 3.5 million USD on the BNB Chain.