The "ultimate short seller," who previously focused on short BTC, has opened a new short position in LIT, aiming to short Lighter (LIT) at an average ...
TL;DR
A major short seller, known for BTC shorts, has opened a new short position in LIT at an average of $2.95, with a current profit and pending orders. They still hold a large BTC short position with significant unrealized gains, having reduced it from peak levels.
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[The "Ultimate Short Seller," who previously focused on short BTC, has opened a new short position in LIT, averaging $2.95 per coin, targeting Lighter (LIT)] According to Mars Finance, on December 30th, Coinbob's monitoring of popular addresses showed that the "Ultimate Short Seller,"a whale, opened a new short position in LIT at approximately $3.03. The current position size is 31,000 LIT (approximately $87,000), with an average price of approximately $2.95 and a liquidation price of $4.75. This position has already achieved a small unrealized profit. In addition, there are still 10,000 LIT short orders pending (approximately $3.06) that have not yet been filled. Meanwhile, this address still holds approximately $43.68 million in short BTC positions, with an unrealized profit of $12.05 million (552%), an average price of $111,500, and a liquidation price of $102,400. Since November, this address has executed similar profit-taking operations at local lows five times consecutively, without replenishing its short positions. Compared to its peak holdings of $136 million at the end of October, its BTC short positions have now decreased by approximately $93 million, with approximately $57 million closed out this month. Previously, it was the largest short seller of BTC on-chain.