The "ultimate short seller" has made a profit of $71 million on his BTC short positions, a return of 14 times his initial investment.

According to Coinbob's monitoring of popular addresses, the "ultimate short" whale (0x5d2) has established short positions in BTC four times since January of last year. The first three short positions resulted in a combined loss of approximately $5.48 million, while the most recent short position yielded a substantial profit. This short position has accumulated approximately $10.05 million in funding rate revenue, with contract profits exceeding $61 million, bringing its total annual profit to $71 million. Since December 26th of last year, this address has not adjusted its positions. Last night, it significantly reduced its positions again to lock in profits, withdrawing approximately $5 million from Hyperliquid. Compared to its peak holdings of $136 million at the end of October last year, this whale has gradually reduced its positions by approximately $130 million, and has not replenished its short positions after multiple profit-taking withdrawals. Currently, it still holds a 20x leveraged short position in BTC, with a size of approximately $4.4 million, an average price of approximately $111,500, and a floating profit of approximately $3.2 million (1470%).