"Ultimate Bear" whale adjusts position: LIT opens 30,000 new short positions, BTC short positions continue to shrink

【Blockchain Rhythm】On-chain address monitoring data shows that the well-known short address "Ultimate Short" recently opened a new short position at an LIT price of approximately $3.03. Currently holding 31,000 LIT short tokens, equivalent to about $87,000, with an average price of $2.95 and a liquidation price set at $4.75, this position has already yielded some gains. Notably, this address also has a pending order for 10,000 LIT shorts at a price of about $3.06, which has not yet been executed.

At the same time, this address still holds approximately $43.68 million in BTC short positions, with unrealized profits of up to $12.05 million, and a return rate of 552%. The average price of the BTC shorts is $111,500, with a liquidation price set at $102,400.

Since November, this address has realized profits at local lows five consecutive times, without re-entering new shorts. Compared to the $136 million position size at the end of October, the current BTC short position has shrunk by about $93 million. In just this month, approximately $57 million worth of positions have been closed. Once the largest on-chain BTC short position, its recent adjustments are quite evident.