Bitcoin has surged past $78,000, intensifying the unrealized losses on a significant short position held by the pension-usdt.eth whale. According to Hyperinsight monitoring, this whale's BTC short, valued at over $78 million, now faces an unrealized loss of approximately $10 million. The position, opened on April 2 with an average entry price of $67,992 and a liquidation price of $100,667.60, has remained unchanged for a month. In addition to the BTC short, the whale also holds an ETH short position worth around $46 million, which is currently experiencing an unrealized loss of about $3.4 million. The continued rise in cryptocurrency prices is putting pressure on these positions, highlighting the risks associated with large-scale shorting in a bullish market.