A trader has increased their Bitcoin short position to 1,209.36 BTC, valued at approximately $139 million. This move comes as both long and short positions intensify in the market. The trader also placed a limit sell order for 22.05 BTC in the $115,331 to $115,570 range. The take-profit target is set between $97,332 and $98,932. Despite the short position being held for several months, the trader has earned over $8.35 million in funding fees, suggesting a potential hedging strategy.