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BTC bears are doubling down: Added another 55.5 BTC today, with positions exceeding $21 million 0x3ff5…f705 continues to short BTC today, adding approximately 55.54 BTC in total. The strategy of this address over the past couple of days is clear: take profits in batches on the way down, and re-add shorts on the rebound. Since September 12, they've closed shorts multiple times for profit, with the highest single trade netting around $23,300. This morning, they closed 7.9961 BTC, pocketing another $3,911. Currently, this address still holds 284.21 BTC in short positions, valued at $21.955 million, with an average price of $77,583.3, unrealized profit of $94,700, and a liquidation price of $93,538.6.
