"Ultimate Short Seller" BTC Short Position Profits Reach $71 Million, Yield Hits 14 Times the Initial Capital

According to Coinbob's hot address monitoring, the "Ultimate Short Seller" 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 significant profits. This short position has currently accumulated approximately $10.05 million in funding rate income, with contract profits exceeding $61 million, bringing its total annual profit to $71 million. Since December 26th last year, this address has not made any position adjustments. Last night, it once again significantly reduced its position 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 cash, it has not replenished the short position. Currently, it still holds a BTC short position with 20x leverage, with a size of approximately $4.4 million, an average price of around $111,500, and a floating profit of about $3.2 million (1470%).