"Ultimate Short" BTC short positions accelerate profit-taking, with nearly $40 million closed this month.

BlockBeats News, December 17 — According to Coinbob’s popular address monitoring, in the past 4 hours, the “Ultimate Bear” has closed a BTC short position worth approximately $5.13 million, recording a profit of about $1.49 million. Since the beginning of this month, they have closed a total of approximately $39.5 million in BTC short positions. The current BTC short position size is about $55.36 million, with an unrealized profit of $16.08 million (581%), an average entry price of $111,500, and a liquidation price of $99,300. Additionally, they have opened a new 100x mapped contract long position on the XYZ underlying asset, with a position size of about $1 million. The “Ultimate Bear” whale has been opening and closing BTC short positions multiple times with precise low buy and high sell strategies since establishing this position on May 9. Notably, since November, their trading rhythm has significantly changed, shifting to continuously closing positions at local lows for profit and not re-entering. From November to now, they have executed this type of closing 4 times, and compared to their peak position in August, the total short position has been reduced by approximately $99 million. Over the past 4 months, their closing points are as follows: August 19-20, closed BTC at about $112,500; August 30, closed BTC at about $108,300; September 22, closed ETH at about $4,160; October 11, closed BTC at about $100,000–$110,000; November 25, closed BTC at about $87,000.