"Ultimate Bear" BTC short position profits have reached $71 million, with a return of 14 times the initial capital.

Odaily Planet Daily reported that according to Coinbob’s hot address monitoring, the “ultimate short seller” 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 and last night it significantly reduced its holdings to take profits, withdrawing 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, valued at approximately $4.4 million, with an average entry price of about $111,500, and an unrealized profit of about $3.2 million (1470%).