Data: The ultimate short seller closed out their BTC short positions for the first time this month, with current open interest at approximately $103 m...
TL;DR
A major short whale closed $4.3M in BTC shorts, profiting $1.17M, with $103M in holdings and a $94,800 liquidation price. It withdrew $34.09M in margin this month and transferred $40M to Binance.
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According to ChainCatcher, Coinbob's hot address monitoring shows that in the past hour, the ultimate short whale(0x5D2) has continued to close out its BTC short positions to take profits. It has currently closed out approximately $4.3 million, recording a profit of $1.17 million, and still has a floating profit of $28.15 million. Furthermore, its current holdings are approximately $103 million, with an average price of $111,500 and a liquidation price of $94,800, making it the top BTC short holder on Hyperliquid.
According to monitoring, this address has continuously withdrawn approximately $34.09 million in account margin this month and transferred a total of $40 million to its Binance wallet. Today, it transferred in a small amount of $3 million in margin to raise the average price.