ChainCatcher News, according to Coinbob’s hot address monitoring, shows that in the past 6 hours, the ultimate short seller has closed part of their BTC short positions again, realizing a profit of approximately $2.32 million. The current closing scale is about $5.46 million.
Since November, this address has executed similar profit-taking operations at local lows five consecutive times, and has not re-entered short positions, with pending orders at around $76,200 for planned take-profit. Compared to its previous peak holding of $136 million, its BTC short positions have now decreased by approximately $120 million. Currently, this whale still holds about $8.6 million in BTC shorts, with an unrealized profit of $3.65 million (850%), at an average price of $111,500.
Since establishing this round of BTC shorts on May 9, this address has repeatedly engaged in high-selling and low-buying swing trades, with a recent strategy clearly shifting toward continuous reduction and profit locking.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC Breaks Through 69,000 USDT
Gate News bot message, Gate market display, BTC breaks through 69,000 USDT, current price 69,012.2 USDT.
CryptoRadar9m ago
BTC Breaks Through 68,000 USDT
Gate News bot message, Gate market display, BTC breaks through 68,000 USDT, current price 68,016.4 USDT.
CryptoRadar33m ago
Bitcoin ATM operator Bitcoin Depot acquires social prediction platform Kutt
ChainCatcher News reports that Nasdaq-listed Bitcoin ATM operator Bitcoin Depot has acquired peer-to-peer social prediction platform Kutt. This move will expand the company's product line from Bitcoin ATMs into the rapidly growing consumer fintech sector.
After the acquisition, Kutt will retain its brand and leadership position and will continue to operate in most states across the United States.
GateNews47m ago
$1B Floods Into Crypto Funds as Bitcoin Pulls Massive $881M Inflows
_Digital asset funds recorded $1B inflows last week as Bitcoin attracted $881M. Ethereum, Solana, and Chainlink also saw investments._
Crypto investment funds recorded a strong rebound last week after weeks of withdrawals. New data revealed digital asset funds received roughly $1 billion in
LiveBTCNews54m ago
