According to BlockBeats, monitoring popular Coinbob addresses shows that over the past five hours, a significant investor known as 'Ultimate Bear' has closed part of their short positions in Bitcoin, realizing a profit of approximately $1.17 million. The scale of this closure is about $4.35 million. Since November, this address has performed similar profit-taking actions at local minima five times without replenishing short positions. Compared to a peak position of $136 million at the end of October, the size of short positions in Bitcoin has decreased by approximately $93 million, of which about $57 million was closed this month, indicating an accelerated trend toward profit-taking.
Currently, the investor still holds short positions in Bitcoin totaling around $43.63 million, with an unrealized profit of $12.2 million (558%), at an average price of $111,500 and a liquidation price of $102,300. Additionally, they have set profit-taking orders in the range of $67,200 to $76,200 as of yesterday. After establishing this round of short positions in Bitcoin on May 9, the investor frequently engaged in high-frequency trading, buying low and selling high. Recently, their strategy has shifted to continuous reduction and profit-taking, with financing rate calculations yielding approximately $9.61 million in profit.
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