「Ultimate Shorter」 BTC Short Position Profit Hits $71 Million, Return Rate Reaches 14x of Initial Margin

On February 6th, data from the Coinbob Popular Address Monitor shows that the "Ultimate Bear" whale (address 0x5d2) has opened four BTC short positions since January of last year. The first three positions combined lost approximately $5.48 million, while the most recent short yielded significant profits. Currently, the short position has accumulated around $10.05 million in funding fee income and over $61 million in contract profits, resulting in a total annual profit of $71 million. Since December 26th of last year, the address has made no further position adjustments. Last night, it significantly reduced its position to take profits, withdrawing roughly $5 million from Hyperliquid. Compared to its peak position of $136 million at the end of October last year, the whale has since cut its position by about $130 million. After multiple profit-taking withdrawals, it has not replenished the short position. It still holds a 20x-leveraged BTC short position worth approximately $4.4 million, with an average entry price of around $11,150 and an unrealized profit of about $3.2 million (a 1470% return).