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Over $120 million BTC short positions liquidated overnight, major investors netted millions of dollars in profit in the recent month
【ChainWen】Monitoring data from a leading on-chain data platform shows that a well-known crypto trading strategy account completed a large-scale liquidation operation within the past 20 minutes. This liquidation involved short positions in multiple cryptocurrencies including BTC, ETH, SOL, XRP, kBONK, SUI, FARTCOIN, and others, with perpetual contract holdings completely cleared.
The data is quite shocking—this account has achieved a single-day profit of approximately $7.17 million. Over the past month, it has accumulated a total profit of about $10.01 million. Considering the account’s total assets exceed $31.78 million, it indicates a very high capital utilization efficiency.
Let’s review the operational history of this account. Since establishing the position in December last year, they have been shorting mainstream coins, especially BTC and ETH. At the peak, the BTC short position expanded to over $120 million, making it the largest on-chain BTC short position.
Ironically, this strategy account forms a completely opposite betting relationship with listed companies that insist on buying BTC. The market is such that there are always those betting against the trend, and this time, their short strategy indeed made real money.
This move is too aggressive, I've rarely seen capital utilization rates this outrageous.
The most aggressive short position was $120 million, and now it's directly wiped out? Why the sudden act of cowardice?
Seven million in a single day, how many years would it take me to earn that?
Ironically, the time when this guy was shorting most aggressively was exactly when he should have run. The market's knife is really sharp.
Closed everything in 20 minutes, it seems he sensed some signal. Big players are indeed big players.
This account's total assets are over 30 million, earning 30% in a month. I feel like I'm playing a different game.
The cruelest thing isn't making money, but knowing when to run. Not many can do that.
After this round of operations, shouldn't the market be considered in the opposite direction?