Data: "Ultimate Bear" BTC short positions continue to cash out, with a total closing amount exceeding 50 million dollars this month

According to Coinbob's popular address monitoring, in the past 5 hours, the ultimate short seller has once again closed part of their BTC short position, realizing a profit of approximately 1.17 million dollars, with this closing scale around 4.35 million dollars.

Since November, this address has executed similar profit-taking operations at local lows five times in a row, and has not replenished the short position. Compared to its peak holding of 136 million dollars at the end of October, the current BTC short position has decreased by approximately 93 million dollars, with about 57 million dollars closed this month, showing an accelerating profit-taking trend.

Currently, this whale still holds a BTC short position of about 43.63 million dollars, with an unrealized profit of 12.2 million dollars (558%), an average price of 111.5 thousand dollars, and a liquidation price of 102.3 thousand dollars. In addition, they have placed take-profit orders in the range of 67.2 thousand to 76.2 thousand dollars yesterday.

Since establishing this round of BTC short position on May 9, this address has repeatedly engaged in high selling and low buying operations, and the recent strategy has clearly shifted towards continuous reduction and locking in profits, with the current funding rate settlement having realized a profit of approximately 9.61 million dollars.