"Ultimate Bear" BTC Short Position Profits Reach $71 Million, Yield Hits 14 Times the Principal

Odaily News According to Coinbob's hot address monitoring, the "Ultimate Bear" whale (0x5d2) has opened BTC short positions four times since January last year. The first three positions resulted in a combined loss of approximately $5.48 million, while the most recent short position has achieved substantial profits. This short position has currently accumulated approximately $10.05 million in funding fee income, with contract profits exceeding $61 million, bringing its cumulative annual profit to $71 million. Since December 26th last year, this address has not made any further position adjustments. Last night, it significantly reduced its position again to realize profits and withdrew approximately $5 million from Hyperliquid.

Compared to the peak position value of $136 million in late October last year, this whale has gradually reduced its position by about $130 million. After multiple instances of taking profits and withdrawing funds, it has not replenished the short position. Currently, it still holds a 20x leveraged BTC short position with a size of approximately $4.4 million, an average price of around $111,500, and an unrealized profit of about $3.2 million (1470%).