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“Ultimate Short” BTC short positions continue to cash out, with over $50 million liquidated this month

BlockBeats News, December 23rd – According to Coinbob Hot Address Monitoring, in the past 5 hours, the ‘Ultimate Short’ has closed part of its BTC short positions again, realizing a profit of approximately $1.17 million, with this closing size around $4.35 million. Since November, this address has executed similar profit-taking operations five consecutive times at local lows, and has not replenished the short positions. Compared to its peak position of $136 million at the end of October, its BTC short position size has cumulatively decreased by approximately $93 million, with about $57 million closed this month, showing an accelerating profit-taking trend.

Currently, this whale still holds BTC short positions of approximately $43.63 million, with floating profits reaching $12.20 million (558%), an average price of $111,500, and a liquidation price of $102,300. Additionally, it placed take-profit orders yesterday within the range of $67,200 to $76,200. Since establishing this round of BTC short positions on May 9th, this address has repeatedly conducted swing trading by selling high and buying low, with its recent strategy clearly shifting towards continuous reduction and locking in profits. Currently, funding rate settlements have yielded profits of approximately $9.61 million.