「Ultimate Shorter」 BTC Short Position Continuously Takes Profit, Funding Rate Settlement Has Profited About $10 Million
BlockBeats News, February 3rd, according to Coinbob Top Address Monitor data, in the past 6 hours, the "Ultimate Short" once again closed part of its BTC short position, realizing a profit of approximately $2.32 million. The size of this liquidation was about $5.46 million. Since November, this address has repeatedly carried out similar profit-taking operations at local lows five times, without covering the short positions, and has placed take-profit orders at around $76,200. Compared to its peak position of $136 million, the current BTC short position of this address has been reduced by approximately $120 million.
Currently, this whale still holds a BTC short position of about $8.6 million, with an unrealized profit of $3.65 million (850%), at an average price of $11,150. Since establishing this round of BTC short positions on May 9th, this address has engaged in swing trading multiple times, with recent strategies clearly shifting towards continuous reduction, profit locking. The address has realized approximately $10 million in funding fee settlements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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