Data: The "ultimate bear" rapidly reduced positions, with BTC short positions dropping from $7.02 million to $4.83 million

ChainCatcher News, according to Coinbob's popular address monitoring, the "Ultimate Bear" address (0x5d2f…) has reduced its BTC short positions multiple times within about 1 hour, cumulatively reducing approximately 31.57 BTC shorts, with a total value of about $2.2456 million. After these consecutive operations, the total value of its BTC short positions has dropped from $7.0248 million to $4.8323 million.

This position currently has an unrealized profit of about $2.7868 million, and the liquidation price has correspondingly risen to $175,229.03. This address is known for establishing BTC short positions near the $120,000 price level and has long been shorting various mainstream and altcoins. Its account's unrealized profit once reached as high as $64 million, and it remains one of the largest BTC short addresses on Hyperliquid.