'Ultimate Bear' Closes BTC Short Positions for Profit, Reduces Position Size by Approximately $30 Million
On December 3, monitoring data showed that the 'Ultimate Bear' whale address (0x5D2) has been continuously closing BTC short positions for profit over the past 6 hours as BTC broke through $92,000. Approximately $30.17 million in short positions have been closed, with a profit of $3.86 million, and there is still an unrealized profit of $17.6 million. The current position size is approximately $80.97 million, with an average price of $111,500 and a liquidation price that has risen from $94,800 to $101,000, making it the largest BTC short position on the Hyperliquid platform. This address has also been continuously withdrawing over $34.09 million in account margin and transferring a total of $40 million to a Binance wallet. Today, it once again made a small deposit of $3 million in margin and closed short positions to raise the average price.