The '1011 Insider Whale', a notable entity in the cryptocurrency market, has experienced a significant floating loss of $2.7 million on its Bitcoin short position. This development comes as Bitcoin's price surged to approximately $112,000 on October 21, 2025, according to on-chain data. The rapid increase in Bitcoin's value has put pressure on short sellers, highlighting the volatility and risk associated with betting against the cryptocurrency's price movements.