Major BTC short seller closes $4.35M position on Dec. 23, cutting exposure by $57M in December

A Bitcoin whale address known as "终极空头" closed BTC short positions worth about $4.35M in a five-hour window on December 23, locking in roughly $1.17M in profit, Coinbob address tracking data show. The trader has executed five similar profit-taking moves at local lows since November without reopening shorts, reducing total BTC short exposure by about $93M from a late-October peak of $136M and closing around $57M this month. The address still holds approximately $43.63M in BTC shorts with unrealized gains of $12.2M (558%), an average entry of $111,500 and a liquidation level near $102,300, with take-profit orders placed in the $67,200–$76,200 range since May 9 and funding fee settlements generating around $9.61M in additional profit.