coin-img-ETHETH+0.01%coin-img-BTCBTC-0.11%coin-img-SENTSENT-8.70%coin-img-FIGHTIDFIGHTID-11.92%coin-img-SKRSKR-28.29%coin-img-SOLSOL-0.61%coin-img-XRPXRP+0.44%coin-img-USDCUSDC+0.01%coin-img-ETHETH+0.01%coin-img-BTCBTC-0.11%coin-img-SENTSENT-8.70%coin-img-FIGHTIDFIGHTID-11.92%coin-img-SKRSKR-28.29%coin-img-SOLSOL-0.61%coin-img-XRPXRP+0.44%coin-img-USDCUSDC+0.01%coin-img-ETHETH+0.01%coin-img-BTCBTC-0.11%coin-img-SENTSENT-8.70%coin-img-FIGHTIDFIGHTID-11.92%coin-img-SKRSKR-28.29%coin-img-SOLSOL-0.61%coin-img-XRPXRP+0.44%coin-img-USDCUSDC+0.01%coin-img-ETHETH+0.01%coin-img-BTCBTC-0.11%coin-img-SENTSENT-8.70%coin-img-FIGHTIDFIGHTID-11.92%coin-img-SKRSKR-28.29%coin-img-SOLSOL-0.61%coin-img-XRPXRP+0.44%coin-img-USDCUSDC+0.01%

Bitcoin 'ultimate bear' whale reports $65.5M profit after year-long short positions

A whale address labeled the 'ultimate bear' (0x5d2) has earned $65.5M in total profit from four BTC short positions opened since January last year, despite losing $5.48M combined on the first three trades, Coinbob hot address data show on Jan. 23. The most recent short has generated about $9.94M in funding fees and over $55.6M in contract gains, with no position adjustments since Dec. 26. The address still holds a 20x leveraged BTC short worth roughly $44.5M at an average entry of $111,500, with liquidation at $106,600 and an unrealized profit near $11.2M.
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