According to CoinMeta, as reported by OnchainDataNerd, 0x66f8, the biggest bearish player on the chain, has just reversed his position. He closed all of his 2,136 Bitcoin (about $136 million) short positions, making a profit of $1.65 million, and then opened a long position of 200.82 Bitcoins (about $12.74 million) with 40x leverage. This shift demonstrates a significant change from being the most bearish investor to becoming a leveraged long holder in a single transaction.