"The Ultimate Shorter" has been shorting BTC for a year in a row, and after three consecutive losses, this time has made a profit of $65 million.

January 23rd, data from the Coinbob Popular Address Monitor (link: https://t.me/Coinbob_track_CN) shows the so-called “Ultimate Bear” whale (address: 0x5d2) has opened Bitcoin short positions four times since January last year. The first three positions posted a combined loss of roughly $5.48 million, while the latest short has delivered significant gains. To date, this position has accumulated ~$9.94 million in funding fee income, with contract profits exceeding $55.6 million—pushing its total annual profit to $65.5 million. The address has made no further position adjustments since December 26th, 2023. Compared to its $136 million peak position in late October 2023, the whale has gradually cut its position by ~$84 million and hasn’t replenished shorts after multiple profit-taking moves. Currently, it still holds a Bitcoin short with 20x leverage, totaling ~$44.5 million. The average entry price is ~$11,150, liquidation price is $10,660, and unrealized profit stands at ~$11.2 million (a 505% gain).