BlockBeats News, February 6 — According to Coinbob’s popular address monitoring, the “Ultimate Bear” whale (0x5d2) has opened BTC short positions four times since January last year. The first three trades resulted in a total loss of approximately $5.48 million, while the most recent short position has achieved significant profits. This position has currently accumulated about $10.05 million in funding rate gains, with contract profits exceeding $61 million, bringing its total annual profit to $71 million. Since December 26 of last year, this address has not adjusted its positions. Last night, it significantly reduced its holdings to take profits and withdrew about $5 million from Hyperliquid.
Compared to the peak holding of $136 million at the end of October last year, this whale has gradually reduced its holdings by about $130 million and has not replenished its short positions after multiple take-profit withdrawals. Currently, it still holds a BTC short position with 20x leverage, approximately $4.4 million in size, with an average entry price of about $111,500, and an unrealized profit of around $3.2 million (1470%).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin 'done' with 85% crashes, says Cathie Wood amid new $34K target
Bitcoin (BTC) is “done” with drawdowns of 85% or more from all-time highs, says ARK Invest CEO, Cathie Wood.
Key points:
Bitcoin will not see another correction of 85% or more versus its latest all-time high, Cathie Wood argues.
A new prediction sees $34,000 becoming the next BTC
Cointelegraph25m ago
Bitcoin Fear Surges as Bearish Social Sentiment Hits Highest Level Since February - U.Today
Bitcoin traders turn bearish
Institutional Bitcoin investors stay resilient
The price of Bitcoin is retracing back to the lowest levels seen so far in 2026, and its social sentiment has also followed a similar trend.
While the crypto market volatility still persists, pulling Bitcoin far below th
UToday1h ago
Whale Trader “First Set 10 Big Goals” Places a Limit Order at $67k to Go Long on BTC
Gate News message, April 4, whale trader "set 10 big goals first" posted on the X platform showing its long positions, indicating it has again gone long on Bitcoin, with a limit price of 67023.8 USD. The account has recently drawn attention for the accuracy of its market outlook, but its trade screenshots come from a centralized exchange and cannot be verified for authenticity; users should exercise caution, assess the information carefully, and be mindful of risks.
GateNews1h ago
Naoris Protocol's quantum-resistant blockchain goes live as Bitcoin and Ethereum face 'Q-Day' threats
Naoris Protocol launched a quantum-resistant blockchain, designed to secure transactions against future quantum threats. It utilizes post-quantum cryptography and has validated over 100 million transactions, preparing to protect digital assets despite vulnerabilities in existing systems like Bitcoin and Ethereum.
CoinDesk2h ago
