BlockBeats News, February 6 — According to Coinbob’s popular address monitoring, the “Ultimate Bear” whale (0x5d2) has opened BTC short positions four times since January last year. The first three trades resulted in a total loss of approximately $5.48 million, while the most recent short position has achieved significant profits. This position has currently accumulated about $10.05 million in funding rate gains, with contract profits exceeding $61 million, bringing its total annual profit to $71 million. Since December 26 of last year, this address has not adjusted its positions. Last night, it significantly reduced its holdings to take profits and withdrew about $5 million from Hyperliquid.
Compared to the peak holding of $136 million at the end of October last year, this whale has gradually reduced its holdings by about $130 million and has not replenished its short positions after multiple take-profit withdrawals. Currently, it still holds a BTC short position with 20x leverage, approximately $4.4 million in size, with an average entry price of about $111,500, and an unrealized profit of around $3.2 million (1470%).
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