COINOTAG News, citing Coinbob Popular Address Monitor, reports that in the last five hours the Ultimate Short trimmed a portion of its BTC short, locking in about $1.17 million on roughly $4.35 million of closures. Since November, the address has executed five similar profit-taking moves at local lows without covering the short, illustrating a persistent bearish stance and ongoing liquidity extraction.
From the end-October peak of $136 million, the BTC short position has declined by about $93 million, leaving roughly $43.63 million short with an unrealized profit of $12.2 million (about 558%), an average entry near $11,150, and a liquidation price near $10,230. Take-profit limits between $67.2k and $76.2k were set yesterday. Since launching this round on May 9, the trader has moved toward constant profit-locking, realizing about $9.61 million in funding-fee settlements.
Source: https://en.coinotag.com/breakingnews/btc-whale-keeps-profiting-as-short-position-falls-by-93m-since-october-unrealized-12-2m-at-11-15k
