In the past six hours, a significant Bitcoin whale has once again liquidated a portion of its BTC short positions, realizing a profit of approximately $2.32 million. According to ChainCatcher, the liquidation scale was around $5.46 million.
Since November, this address has executed similar profit-taking operations at local low points five times, without replenishing the short positions. The whale has placed orders to take profit at a BTC price of approximately $76,200. Compared to its previous peak holding of $136 million, the current BTC short position has cumulatively decreased by about $120 million. The whale still holds BTC short positions worth approximately $8.6 million, with a floating profit of $3.65 million (850%), at an average price of $111,500.
Since establishing this round of BTC short positions on May 9, the address has frequently engaged in high-selling and low-buying band operations. Recently, the strategy has clearly shifted towards continuous reduction and profit locking.