The self-proclaimed "Ultimate Bear" who was previously focused on shorting BTC has opened a new LIT short position, betting against Lighter (LIT) at an average price of $2.95

On December 30th, data from Coinbob’s Popular Address Monitor shows the “Ultimate Bear” whale initiated a new short position on LIT at approximately $3.03. The position currently totals 31,000 LIT (valued at roughly $87,000), with an average entry price of ~$2.95 and a liquidation price of $4.75. It is sitting on a small floating profit. Additionally, a 10,000 LIT short order (at ~$3.06) remains unfulfilled. The address also still maintains a BTC short position worth ~$43.68 million, with a floating profit of $12.05 million (552%). Its average entry price is $111,500, and the liquidation price is $102,400. Since November, this address has taken profits on similar trades five times at local lows—but has not closed any of its short positions. Relative to its $136 million peak short position at the end of October, its current BTC short has shrunk by roughly $93 million. It has closed out ~$57 million worth of positions this month; previously, it held the largest on-chain BTC short position.