Ultimate short position: BTC short positions continue to take profits, and funding rate settlement has yielded approximately $10 million in profit.

GateNews
BTC-0,52%

ChainCatcher News, according to Coinbob’s hot address monitoring, shows that in the past 6 hours, the ultimate short seller has closed part of their BTC short positions again, realizing a profit of approximately $2.32 million. The current closing scale is about $5.46 million.

Since November, this address has executed similar profit-taking operations at local lows five consecutive times, and has not re-entered short positions, with pending orders at around $76,200 for planned take-profit. Compared to its previous peak holding of $136 million, its BTC short positions have now decreased by approximately $120 million. Currently, this whale still holds about $8.6 million in BTC shorts, with an unrealized profit of $3.65 million (850%), at an average price of $111,500.

Since establishing this round of BTC shorts on May 9, this address has repeatedly engaged in high-selling and low-buying swing trades, with a recent strategy clearly shifting toward continuous reduction and profit locking.

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