The 'Ultimate Bear' Continues to Trim BTC Short Positions, Securing Nearly $10 Million in Funding Profits

The 'Ultimate Bear' Continues to Trim BTC Short Positions

According to the latest data, on February 3, the 'Ultimate Bear' closed part of its BTC short positions, realizing a profit of approximately $2.32 million. This move involved a position worth around $5.46 million. Since November, this address has closed positions five times at local price lows, consistently securing profits without re-entering shorts. A current take-profit order is placed around $76,200.

• Peak short position once reached $136 million
• Has reduced positions by approximately $120 million

Remaining Shorts Still in Profit

Currently, the whale still holds around $8.6 million in BTC short positions, with unrealized gains of $3.65 million (850%), at an average entry price of $111,500. Since initiating this round of shorts on May 9, the address has actively engaged in swing trading. However, recent activity indicates a clear shift toward consistent position reduction to lock in profits.

So far, the whale has earned approximately $10 million in funding fee profits.