On-chain data reveals that trader @Jason60704294 achieved a profit of $17.6 million from Bitcoin trading activities in May. The trader's most significant gains came from shorting Bitcoin between May 12 and 20, which resulted in a $12.6 million profit. Earlier in the month, between May 4 and 5, a long position on Bitcoin generated $5.76 million, while a short position on May 4 added another $2.76 million to the profits. However, a short position between May 5 and 6 led to a $3.49 million loss. The largest short position this month, closed today, involved 3,294 BTC valued at $265 million.